Badger Infrastructure Solutions (TSE:BDGI) Given New C$42.00 Price Target at BMO Capital Markets

Badger Infrastructure Solutions (TSE:BDGI) had its target price decreased by BMO Capital Markets from C$45.00 to C$42.00 in a research report sent to investors on Friday, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Scotiabank cut their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating for the company in a research report on Monday, May 6th. Raymond James cut their target price on shares of Badger Infrastructure Solutions from C$57.00 to C$54.00 and set an outperform rating for the company in a research report on Wednesday, July 17th. CIBC cut their target price on shares of Badger Infrastructure Solutions from C$55.00 to C$52.00 and set an outperform rating for the company in a research report on Wednesday, July 3rd. Stifel Nicolaus increased their price target on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group dropped their price target on shares of Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating on the stock in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Badger Infrastructure Solutions presently has a consensus rating of Moderate Buy and an average target price of C$51.69.

Badger Infrastructure Solutions Stock Down 6.2 %

Shares of TSE:BDGI opened at C$36.22 on Friday. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. The company has a market cap of C$1.25 billion, a PE ratio of 22.50 and a beta of 1.18. Badger Infrastructure Solutions has a 52 week low of C$31.77 and a 52 week high of C$51.50. The firm has a 50 day simple moving average of C$39.92 and a 200 day simple moving average of C$44.11.

Badger Infrastructure Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a $0.18 dividend. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, June 28th. This represents a $0.72 annualized dividend and a yield of 1.99%. Badger Infrastructure Solutions’s dividend payout ratio is 44.72%.

Insider Transactions at Badger Infrastructure Solutions

In related news, Director Mary Jordan bought 1,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of C$41.72 per share, with a total value of C$41,720.00. In other Badger Infrastructure Solutions news, Director Robert Dawson purchased 1,600 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of C$43.40 per share, for a total transaction of C$69,441.44. Also, Director Mary Jordan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of C$41.72 per share, for a total transaction of C$41,720.00. In the last ninety days, insiders purchased 8,900 shares of company stock valued at $359,195. Corporate insiders own 0.39% of the company’s stock.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.