Bird Construction (BDT) Price Target Cut to C$9.00 by Analysts at Canaccord Genuity

Bird Construction (TSE:BDT) had its price objective lowered by Canaccord Genuity from C$11.00 to C$9.00 in a research note published on Friday morning.

Other equities analysts have also issued reports about the company. National Bank Financial increased their price objective on Bird Construction from C$9.50 to C$10.00 in a report on Friday. TD Securities raised Bird Construction from a hold rating to a buy rating and set a C$9.00 price objective for the company in a report on Friday, August 10th. Finally, Raymond James decreased their price objective on Bird Construction from C$11.50 to C$10.50 and set an outperform rating for the company in a report on Thursday, August 9th.

BDT stock traded down C$0.25 on Friday, reaching C$6.79. The company’s stock had a trading volume of 62,500 shares, compared to its average volume of 84,413. Bird Construction has a 52 week low of C$6.30 and a 52 week high of C$10.40. The company has a debt-to-equity ratio of 79.65, a current ratio of 1.14 and a quick ratio of 1.13.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.12). The company had revenue of C$320.13 million during the quarter, compared to analyst estimates of C$324.00 million. Equities research analysts anticipate that Bird Construction will post 0.610000032059661 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Thursday, November 29th. Bird Construction’s payout ratio is currently -1,300.00%.

About Bird Construction

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, and mining businesses.

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