Shares of Badger Infrastructure Solutions Ltd. (TSE:BDGI – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$85.13.
BDGI has been the topic of several analyst reports. Canadian Imperial Bank of Commerce upped their target price on Badger Infrastructure Solutions from C$78.00 to C$85.00 in a report on Monday, May 4th. TD Securities dropped their target price on Badger Infrastructure Solutions from C$83.00 to C$80.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Canaccord Genuity Group upgraded Badger Infrastructure Solutions from a “hold” rating to a “buy” rating and upped their target price for the stock from C$70.00 to C$90.00 in a report on Monday, May 4th. Raymond James Financial upped their target price on Badger Infrastructure Solutions from C$77.00 to C$98.00 in a report on Friday, June 5th. Finally, Stifel Nicolaus upped their target price on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the stock a “buy” rating in a report on Monday, May 4th.
Read Our Latest Report on Badger Infrastructure Solutions
Badger Infrastructure Solutions Stock Performance
Badger Infrastructure Solutions (TSE:BDGI – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%.The business had revenue of C$282.57 million for the quarter. As a group, sell-side analysts expect that Badger Infrastructure Solutions will post 3.3008403 earnings per share for the current fiscal year.
Badger Infrastructure Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Badger Infrastructure Solutions’s payout ratio is currently 32.66%.
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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