Bird Construction (TSE:BDT) PT Set at C$25.00 by BMO Capital Markets

BMO Capital Markets set a C$25.00 price target on Bird Construction (TSE:BDT) in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. TD Securities lifted their target price on Bird Construction from C$22.00 to C$25.00 and gave the company a buy rating in a research note on Friday, May 17th. Raymond James lifted their price target on Bird Construction from C$20.50 to C$25.00 and gave the company an outperform rating in a report on Thursday, May 16th. Stifel Nicolaus lifted their price target on Bird Construction from C$24.00 to C$25.00 and gave the company a buy rating in a report on Thursday, May 16th. Canaccord Genuity Group lifted their price target on Bird Construction from C$21.00 to C$23.00 and gave the company a buy rating in a report on Wednesday, May 15th. Finally, CIBC lifted their price target on Bird Construction from C$20.00 to C$22.00 and gave the company a neutral rating in a report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$23.88.

Bird Construction Stock Performance

Shares of BDT stock opened at C$21.66 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The business has a 50 day moving average of C$19.69 and a two-hundred day moving average of C$16.67. Bird Construction has a 52 week low of C$8.01 and a 52 week high of C$22.74. The company has a market cap of C$1.17 billion, a P/E ratio of 16.29, a PEG ratio of 0.53 and a beta of 1.22.

Bird Construction (TSE:BDT) last issued its earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The company had revenue of C$792.07 million during the quarter, compared to the consensus estimate of C$722.63 million. As a group, analysts anticipate that Bird Construction will post 1.8404534 EPS for the current year.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $0.047 per share. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, May 31st. This represents a $0.56 annualized dividend and a yield of 2.60%. Bird Construction’s payout ratio is presently 42.11%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.