Bird Construction Inc. (TSE:BDT) Receives Consensus Rating of “Buy” from Analysts

Bird Construction Inc. (TSE:BDT) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$31.61.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Bird Construction from C$37.00 to C$34.50 and set a “buy” rating for the company in a research report on Thursday, April 17th. BMO Capital Markets cut their price objective on Bird Construction from C$30.00 to C$28.00 in a research report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Raymond James upgraded shares of Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 price target for the company in a research report on Tuesday, April 22nd. Finally, National Bankshares lowered their price objective on shares of Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Friday, March 14th.

Bird Construction Price Performance

BDT opened at C$23.11 on Friday. The firm’s fifty day moving average price is C$21.04 and its two-hundred day moving average price is C$24.85. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$32.67.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, April 30th. Bird Construction’s payout ratio is currently 50.87%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.