Bird Construction Inc. (TSE:BDT) Receives C$64.10 Consensus Target Price from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$75.60.

BDT has been the subject of several recent research reports. Jefferies Financial Group upped their price target on shares of Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. BMO Capital Markets boosted their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research note on Thursday, August 13th. National Bank Financial increased their price objective on Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$71.00 to C$83.00 in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their target price on Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th.

Bird Construction Price Performance

Bird Construction stock opened at C$69.83 on Friday. The stock has a 50-day moving average price of C$67.22 and a two-hundred day moving average price of C$51.84. Bird Construction has a 12 month low of C$22.40 and a 12 month high of C$78.64. The company has a market capitalization of C$3.87 billion, a PE ratio of 65.26, a P/E/G ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%.The company had revenue of C$1.04 billion for the quarter. Analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th were given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is 78.50%.

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.