Bird Construction (TSE:BDT – Free Report) had its target price boosted by National Bankshares from C$23.00 to C$28.00 in a research report report published on Thursday morning, BayStreet.CA reports.
Several other brokerages also recently weighed in on BDT. ATB Capital raised their price target on Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. CIBC lifted their price target on Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. Cibc World Mkts upgraded Bird Construction to a hold rating in a research report on Friday, August 9th. TD Securities boosted their price objective on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday. Finally, Raymond James boosted their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$31.88.
Check Out Our Latest Report on Bird Construction
Bird Construction Stock Down 2.0 %
Bird Construction (TSE:BDT – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Equities research analysts expect that Bird Construction will post 2.5901804 earnings per share for the current year.
Bird Construction Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, October 31st. Bird Construction’s dividend payout ratio (DPR) is presently 35.90%.
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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