TD Securities Boosts Bird Construction (TSE:BDT) Price Target to C$8.00

Bird Construction (TSE:BDT) had its price target increased by TD Securities from C$7.50 to C$8.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

BDT has been the subject of several other reports. Canaccord Genuity boosted their price target on Bird Construction from C$5.00 to C$6.50 in a research note on Thursday, November 7th. Raymond James restated an outperform rating and issued a C$9.00 price target on shares of Bird Construction in a research note on Thursday, November 7th. Finally, National Bank Financial restated an outperform market weight rating on shares of Bird Construction in a research note on Wednesday, August 14th.

Shares of TSE BDT traded up C$0.02 during midday trading on Monday, hitting C$6.69. 52,681 shares of the company’s stock were exchanged, compared to its average volume of 57,571. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 96.97. Bird Construction has a 12 month low of C$4.88 and a 12 month high of C$8.20. The company’s 50 day moving average price is C$6.09 and its 200 day moving average price is C$5.82. The firm has a market capitalization of $283.59 million and a PE ratio of 37.80.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.02). The company had revenue of C$315.43 million during the quarter, compared to analyst estimates of C$366.60 million. On average, equities research analysts anticipate that Bird Construction will post 0.6 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.39 annualized dividend and a yield of 5.83%. Bird Construction’s dividend payout ratio (DPR) is presently 220.34%.

About Bird Construction

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

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