Bird Construction Inc. (TSE:BDT – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$23.69 and traded as high as C$31.38. Bird Construction shares last traded at C$30.77, with a volume of 118,579 shares traded.
Analysts Set New Price Targets
A number of research firms have recently issued reports on BDT. National Bankshares increased their price target on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. BMO Capital Markets boosted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a research note on Friday, August 9th. ATB Capital boosted their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Finally, Raymond James increased their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$31.88.
Check Out Our Latest Research Report on BDT
Bird Construction Stock Up 3.4 %
Bird Construction (TSE:BDT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$873.54 million during the quarter, compared to analysts’ expectations of C$772.65 million. As a group, analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.
Bird Construction Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.0467 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.56 annualized dividend and a yield of 1.82%. Bird Construction’s payout ratio is presently 53.85%.
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.
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