Badger Infrastructure Solutions (TSE:BDGI) Stock Price Up 2% - Here's Why

Key Points

• Badger Infrastructure Solutions shares rose 2% to C$88.10, although trading volume was 74% below the average daily level.
• Analysts remain broadly bullish: seven rate the stock a Buy and one a Hold, with a “Moderate Buy” consensus and an average price target of C$94.75. Several brokerages recently raised their targets to between C$103 and C$112.
• The company reported quarterly revenue of C$365.33 million and EPS of C$0.98, while maintaining a quarterly dividend of C$0.195 per share, or a 0.9% annualized yield. Director Stephen James Jones also purchased 600 shares for approximately C$54,000.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price shot up 2% during trading on Monday . The company traded as high as C$88.49 and last traded at C$88.10. 40,795 shares changed hands during trading, a decline of 74% from the average daily volume of 158,698 shares. The stock had previously closed at C$86.34.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BDGI. National Bank Financial raised their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Raymond James Financial upped their price objective on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Canaccord Genuity Group increased their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce raised their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$94.75.

Badger Infrastructure Solutions Stock Performance

The company's 50-day moving average price is C$87.65 and its 200 day moving average price is C$80.88. The company has a debt-to-equity ratio of 105.14, a quick ratio of 1.49 and a current ratio of 1.34. The stock has a market capitalization of C$2.97 billion, a PE ratio of 48.94 and a beta of 0.82.

Badger Infrastructure Solutions (TSE:BDGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. The company had revenue of C$365.33 million for the quarter. On average, equities research analysts expect that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal year.

Badger Infrastructure Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Badger Infrastructure Solutions's payout ratio is presently 30.49%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other news, Director Stephen James Jones bought 600 shares of Badger Infrastructure Solutions stock in a transaction on Monday, August 17th. The shares were purchased at an average price of C$89.99 per share, for a total transaction of C$53,994.00. Following the acquisition, the director owned 6,300 shares of the company's stock, valued at approximately C$566,937. The trade was a 10.53% increase in their ownership of the stock. Company insiders own 0.33% of the company's stock.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.

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