Bird Construction (TSE:BDT) Sets New 1-Year High – Should You Buy?

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$64.82 and last traded at C$64.54, with a volume of 116467 shares traded. The stock had previously closed at C$63.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets increased their target price on Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their price target on Bird Construction from C$52.00 to C$61.00 in a research report on Tuesday, May 19th. BMO Capital Markets upped their price target on Bird Construction from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a report on Monday, May 25th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, National Bank Financial set a C$57.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$60.10.

Bird Construction Stock Up 2.1%

The firm has a 50 day moving average price of C$56.31 and a two-hundred day moving average price of C$41.23. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The company has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 71.92, a P/E/G ratio of 0.53 and a beta of 0.32.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The business had revenue of C$783.37 million for the quarter. As a group, sell-side analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.3%. Bird Construction’s payout ratio is currently 93.33%.

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.