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

Bird Construction Inc. (TSE:BDT) reached a new 52-week high on Monday . The stock traded as high as C$65.86 and last traded at C$65.30, with a volume of 60615 shares. The stock had previously closed at C$64.51.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BDT. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Raymond James Financial raised their price target on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets lifted their price objective on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, May 25th. Canaccord Genuity Group lifted their price objective on Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, ATB Cormark Capital Markets boosted their price objective on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus target price of C$60.10.

Bird Construction Price Performance

The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The company’s 50 day moving average price is C$57.82 and its 200 day moving average price is C$42.23. The firm has a market capitalization of C$3.62 billion, a P/E ratio of 72.69, a PEG ratio of 0.53 and a beta of 0.34.

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

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is 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.