Bird Construction (TSE:BDT) Cut to “Hold” at Canaccord Genuity Group

Bird Construction (TSE:BDT) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, BayStreet reports. They presently have a C$83.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 8.57% from the company’s previous close.

A number of other equities analysts have also commented on BDT. ATB Cormark Capital Markets raised their price objective on shares of Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. National Bank Financial boosted their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research note on Friday, August 14th. BMO Capital Markets upped their price target on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce upped their price target on Bird Construction from C$71.00 to C$83.00 in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$75.60.

Bird Construction Trading Down 5.0%

Shares of BDT traded down C$4.03 during midday trading on Thursday, hitting C$76.45. The stock had a trading volume of 408,198 shares, compared to its average volume of 303,591. Bird Construction has a fifty-two week low of C$23.56 and a fifty-two week high of C$86.50. The business has a 50-day simple moving average of C$74.21 and a two-hundred day simple moving average of C$63.64. The firm has a market cap of C$4.24 billion, a P/E ratio of 71.45, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. 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 earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. The business had revenue of C$1.04 billion for the quarter. As a group, equities analysts forecast that Bird Construction will post 2.76 EPS for the current year.

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.