Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$26.90

Bird Construction Inc. (TSE:BDT) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$26.90.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Bird Construction from C$29.00 to C$30.00 in a research report on Tuesday, July 16th. ATB Capital upped their price objective on shares of Bird Construction from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. National Bankshares raised their price target on Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. Stifel Nicolaus increased their price objective on Bird Construction from C$25.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Canaccord Genuity Group lifted their target price on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Wednesday, May 15th.

Bird Construction Price Performance

BDT opened at C$25.89 on Thursday. The firm has a market cap of C$1.40 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.53 and a beta of 1.22. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 46.93. The stock’s 50-day moving average price is C$24.87 and its 200 day moving average price is C$20.33. Bird Construction has a 12-month low of C$8.77 and a 12-month high of C$27.30.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.03. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$688.20 million for the quarter, compared to analysts’ expectations of C$594.63 million. As a group, sell-side analysts expect that Bird Construction will post 1.8404534 earnings per share for the current year.

Bird Construction Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, July 31st. Bird Construction’s payout ratio is 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.