Stifel Nicolaus Trims Badger Infrastructure Solutions (TSE:BDGI) Target Price to C$55.50

Badger Infrastructure Solutions (TSE:BDGI) had its price target reduced by Stifel Nicolaus from C$56.60 to C$55.50 in a research report report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

BDGI has been the subject of a number of other reports. Scotiabank decreased their price target on Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a sector perform rating for the company in a report on Monday, May 6th. BMO Capital Markets reduced their target price on Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a market perform rating for the company in a research note on Friday, August 2nd. Raymond James reduced their price objective on Badger Infrastructure Solutions from C$54.00 to C$50.00 and set an outperform rating for the company in a research note on Tuesday. CIBC dropped their target price on Badger Infrastructure Solutions from C$52.00 to C$50.00 and set an outperform rating for the company in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price target on Badger Infrastructure Solutions from C$60.00 to C$55.00 and set a buy rating for the company in a report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$50.00.

Badger Infrastructure Solutions Price Performance

BDGI opened at C$37.66 on Tuesday. Badger Infrastructure Solutions has a 1 year low of C$32.25 and a 1 year high of C$51.50. The firm has a market capitalization of C$1.30 billion, a PE ratio of 23.39 and a beta of 1.18. The company has a debt-to-equity ratio of 100.32, a current ratio of 1.72 and a quick ratio of 1.49. The business’s 50-day moving average is C$39.55 and its two-hundred day moving average is C$43.87.

Badger Infrastructure Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were given a $0.18 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. Badger Infrastructure Solutions’s dividend payout ratio (DPR) is currently 44.72%.

Insider Buying and Selling at Badger Infrastructure Solutions

In other Badger Infrastructure Solutions news, Director Mary Jordan bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of C$41.72 per share, with a total value of C$41,720.00. In other news, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of C$42.79 per share, for a total transaction of C$192,555.00. Also, Director Mary Jordan bought 1,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of C$41.72 per share, for a total transaction of C$41,720.00. Insiders have purchased 7,000 shares of company stock valued at $278,568 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

Badger Infrastructure Solutions Company Profile

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.