Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0.8% – Still a Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s stock price shot up 0.8% during trading on Thursday . The company traded as high as C$60.20 and last traded at C$59.37. 31,070 shares were traded during mid-day trading, a decline of 67% from the average session volume of 94,583 shares. The stock had previously closed at C$58.91.

Analysts Set New Price Targets

A number of brokerages recently commented on BDGI. Stifel Nicolaus increased their price target on shares of Badger Infrastructure Solutions from C$59.00 to C$63.00 and gave the company a “buy” rating in a report on Friday, August 1st. Canaccord Genuity Group increased their price target on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. TD Securities set a C$70.00 price objective on shares of Badger Infrastructure Solutions and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, BMO Capital Markets raised their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$55.00 in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$58.50.

Badger Infrastructure Solutions Trading Up 0.8%

The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 92.49. The firm has a market cap of C$2.00 billion, a P/E ratio of 36.42 and a beta of 1.03. The company’s 50 day simple moving average is C$55.31 and its 200-day simple moving average is C$46.66.

Badger Infrastructure Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 30th. Badger Infrastructure Solutions’s dividend payout ratio is 32.31%.

Badger Infrastructure Solutions Company Profile

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.