Badger Infrastructure Solutions (TSE:BDGI) Price Target Cut to C$46.00 by Analysts at Raymond James

Badger Infrastructure Solutions (TSE:BDGI) had its price objective decreased by Raymond James from C$50.00 to C$46.00 in a research report report published on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. CIBC lowered 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, August 6th. Canaccord Genuity Group decreased their price objective 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. BMO Capital Markets decreased their target price on shares of Badger Infrastructure Solutions from C$45.00 to C$42.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.81.

Badger Infrastructure Solutions Stock Down 0.2 %

Shares of TSE:BDGI traded down C$0.08 during midday trading on Friday, hitting C$36.14. 158,185 shares of the stock were exchanged, compared to its average volume of 72,220. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. Badger Infrastructure Solutions has a 52-week low of C$34.85 and a 52-week high of C$51.50. The business’s fifty day simple moving average is C$38.20 and its two-hundred day simple moving average is C$39.99. The company has a market capitalization of C$1.25 billion, a PE ratio of 22.04 and a beta of 1.14.

Badger Infrastructure Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. Badger Infrastructure Solutions’s dividend payout ratio is 43.90%.

Insider Transactions at Badger Infrastructure Solutions

In related news, Senior Officer Julie Lee purchased 751 shares of Badger Infrastructure Solutions stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. In other news, Senior Officer Julie Lee acquired 751 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of C$35.51 per share, for a total transaction of C$26,667.71. Also, Senior Officer Pradeep Atluri bought 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of C$35.45 per share, for a total transaction of C$70,902.00. In the last ninety days, insiders purchased 4,242 shares of company stock valued at $137,096. Company insiders own 0.33% 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.