Canaccord Genuity Raises Badger Daylighting (BAD) Price Target to C$53.00

Canaccord Genuity Raises Badger Daylighting (BAD) Price Target to C$53.00

Badger Daylighting (TSE:BAD) had its price objective boosted by Canaccord Genuity from C$47.00 to C$53.00 in a research note published on Wednesday, BayStreet.CA reports.

Several other brokerages have also recently commented on BAD. BMO Capital Markets boosted their price target on shares of Badger Daylighting from C$49.00 to C$53.00 in a research report on Wednesday. Industrial Alliance Securities cut shares of Badger Daylighting from a hold rating to a sell rating and boosted their price target for the stock from C$40.00 to C$41.00 in a research report on Saturday, April 13th. Finally, Cormark boosted their price target on shares of Badger Daylighting from C$40.00 to C$48.00 in a research report on Thursday, March 14th.

BAD traded up C$0.17 during trading on Wednesday, hitting C$48.45. The company had a trading volume of 34,032 shares, compared to its average volume of 182,198. The stock has a market capitalization of $1.56 billion and a P/E ratio of 26.30. Badger Daylighting has a one year low of C$25.68 and a one year high of C$49.09. The company has a current ratio of 2.76, a quick ratio of 2.61 and a debt-to-equity ratio of 27.92.

Badger Daylighting (TSE:BAD) last issued its quarterly earnings results on Tuesday, March 12th. The company reported C$0.63 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.09. The business had revenue of C$178.61 million for the quarter. On average, equities research analysts predict that Badger Daylighting will post 2.6900002083803 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.047 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 1.16%. Badger Daylighting’s dividend payout ratio (DPR) is presently 29.66%.

Badger Daylighting Company Profile

Badger Daylighting 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; potholing; and slot trenching services for perimeter slot trenching, exposing existing cables or conduits, cable or conduit and drain tile installation, and line fault repairs.

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