Badger Daylighting (BAD) PT Raised to C$37.00

Badger Daylighting (TSE:BAD) had its target price lifted by BMO Capital Markets from C$31.00 to C$37.00 in a research note issued to investors on Friday morning.

Separately, Industrial Alliance Securities upgraded shares of Badger Daylighting from a buy rating to a strong-buy rating and upped their price target for the company from C$33.00 to C$34.50 in a report on Monday, May 14th.

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Shares of Badger Daylighting opened at C$32.55 on Friday, according to Badger Daylighting has a 12-month low of C$22.37 and a 12-month high of C$33.50.

Badger Daylighting (TSE:BAD) last announced its earnings results on Thursday, May 10th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.26 by C($0.04). The business had revenue of C$120.57 million for the quarter, compared to analysts’ expectations of C$124.80 million. Badger Daylighting had a net margin of 11.46% and a return on equity of 22.53%.

The company also recently declared a monthly dividend, which will be paid on Sunday, July 15th. Investors of record on Saturday, June 30th will be issued a dividend of $0.045 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.54 annualized dividend and a yield of 1.66%.

In other news, Director Grant Donald Billing purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were bought at an average cost of C$25.69 per share, for a total transaction of C$128,450.00. Also, Director Paul James Vanderberg purchased 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were purchased at an average price of C$22.02 per share, for a total transaction of C$77,070.00. Insiders have purchased a total of 18,498 shares of company stock worth $472,303 over the last quarter.

About Badger Daylighting

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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