CIBC Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price target boosted by analysts at CIBC from C$29.50 to C$34.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 23.28% from the stock’s previous close.

BDT has been the subject of several other reports. Stifel Nicolaus increased their price target on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. TD Securities raised their price objective on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Finally, Raymond James raised their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$33.00.

Bird Construction Stock Up 1.7 %

Shares of TSE:BDT traded up C$0.46 during mid-day trading on Friday, reaching C$27.58. 50,072 shares of the stock were exchanged, compared to its average volume of 148,124. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The company has a market cap of C$1.53 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$13.25 and a one year high of C$32.67. The stock’s 50 day simple moving average is C$29.53 and its 200-day simple moving average is C$26.04.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The firm had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. As a group, equities research analysts predict that Bird Construction will post 2.7598533 EPS for the current year.

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.