Bird Construction Inc. (TSE:BDT) Stock Has Consensus Price Target of C$75.60

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$75.60.

A number of analysts recently commented on the company. Stifel Nicolaus raised their price target on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets boosted their price objective on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce upped their price objective on shares of Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. BMO Capital Markets upped their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Finally, National Bank Financial raised their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th.

Bird Construction Stock Up 0.1%

TSE BDT opened at C$80.51 on Friday. Bird Construction has a 1 year low of C$23.56 and a 1 year high of C$86.50. The stock has a market capitalization of C$4.46 billion, a PE ratio of 75.24, a PEG ratio of 0.53 and a beta of 0.14. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20. The business’s 50-day moving average is C$73.48 and its 200 day moving average is C$62.53.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. The business had revenue of C$1.04 billion during the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. Sell-side analysts forecast that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 20th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 30th. Bird Construction’s dividend payout ratio is presently 78.50%.

About Bird Construction

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.