Bird Construction (TSE:BDT) Price Target Raised to C$35.00

Bird Construction (TSE:BDT) had its price target lifted by BMO Capital Markets from C$30.00 to C$35.00 in a report published on Thursday, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the stock. National Bankshares raised their target price on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday. Stifel Nicolaus raised their target price on shares of Bird Construction from C$34.00 to C$37.00 in a report on Thursday. ATB Capital raised their target price on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. Cibc World Mkts upgraded shares of Bird Construction to a hold rating in a research note on Friday, August 9th. Finally, CIBC lifted their price target on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Bird Construction currently has a consensus rating of Moderate Buy and an average target price of C$31.88.

Bird Construction Price Performance

Shares of BDT opened at C$31.90 on Thursday. The company has a market capitalization of C$1.77 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. 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 firm has a 50 day moving average of C$23.73 and a 200 day moving average of C$22.87. Bird Construction has a twelve month low of C$10.06 and a twelve month high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. As a group, equities research analysts anticipate that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be given a $0.0467 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. Bird Construction’s payout ratio is 35.90%.

Bird Construction Company Profile

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.