Badger Infrastructure Solutions Ltd. (TSE:BDGI – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$96.44 and last traded at C$95.97, with a volume of 10293 shares traded. The stock had previously closed at C$94.59.
Analysts Set New Price Targets
BDGI has been the subject of several research analyst reports. National Bank Financial boosted their price objective on Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an “outperformer” rating in a report on Wednesday, July 8th. Stifel Nicolaus upped their price target on shares of Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Raymond James Financial increased their price objective on shares of Badger Infrastructure Solutions from C$77.00 to C$98.00 in a research report on Friday, June 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$93.88.
Badger Infrastructure Solutions Stock Up 2.7%
Badger Infrastructure Solutions (TSE:BDGI – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$282.57 million for the quarter. Badger Infrastructure Solutions had a return on equity of 23.71% and a net margin of 7.11%. As a group, sell-side analysts anticipate that Badger Infrastructure Solutions Ltd. will post 3.3008403 earnings per share for the current fiscal year.
Badger Infrastructure Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Badger Infrastructure Solutions’s dividend payout ratio (DPR) 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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