Badger Infrastructure Solutions (TSE:BDGI) Price Target Raised to C$48.50 at Stifel Nicolaus

Badger Infrastructure Solutions (TSE:BDGI – Free Report) had its price target upped by Stifel Nicolaus from C$47.50 to C$48.50 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Scotiabank upped their price target on shares of Badger Infrastructure Solutions from C$32.50 to C$33.50 in a research note on Friday, May 5th. CIBC upped their target price on Badger Infrastructure Solutions from C$33.00 to C$35.00 and gave the stock a neutral rating in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their price target on Badger Infrastructure Solutions from C$40.00 to C$44.00 in a report on Thursday, July 6th.

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Badger Infrastructure Solutions Price Performance

TSE BDGI opened at C$34.16 on Tuesday. The company has a 50 day simple moving average of C$28.73 and a 200-day simple moving average of C$29.51. Badger Infrastructure Solutions has a 52-week low of C$24.09 and a 52-week high of C$34.50. The firm has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 41.66 and a beta of 1.19. The company has a debt-to-equity ratio of 84.12, a current ratio of 1.87 and a quick ratio of 1.49.

Badger Infrastructure Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, July 14th were issued a $0.1725 dividend. The ex-dividend date was Thursday, June 29th. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 2.02%. Badger Infrastructure Solutions’s dividend payout ratio is currently 82.93%.

About Badger Infrastructure Solutions

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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.

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