Bird Construction Inc. (TSE:BDT) Receives C$35.88 Consensus PT from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$35.88.

A number of research analysts have recently issued reports on BDT shares. BMO Capital Markets dropped their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. Raymond James Financial lifted their target price on shares of Bird Construction from C$35.00 to C$37.00 in a research note on Wednesday, October 15th. National Bankshares boosted their target price on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Stifel Nicolaus upped their price target on shares of Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, TD Securities lifted their price objective on Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, October 27th.

Insider Transactions at Bird Construction

In other Bird Construction news, insider Wayne Richard Gingrich purchased 4,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of C$25.39 per share, with a total value of C$101,560.00. Following the completion of the purchase, the insider owned 8,000 shares in the company, valued at C$203,120. This represents a 100.00% increase in their ownership of the stock. Insiders purchased 8,300 shares of company stock valued at $210,360 over the last quarter. 3.03% of the stock is currently owned by insiders.

Bird Construction Stock Up 0.1%

Shares of BDT opened at C$29.26 on Thursday. The stock’s 50-day moving average price is C$27.94 and its two-hundred day moving average price is C$28.07. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$31.76. The company has a market capitalization of C$1.62 billion, a PE ratio of 17.21, a PEG ratio of 0.53 and a beta of 0.63. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C$0.57 earnings per share (EPS) for the quarter. The company had revenue of C$951.43 million during the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%. On average, analysts anticipate that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, November 28th. Bird Construction’s payout ratio is presently 48.04%.

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.