Analysts Set Bird Construction Inc. (TSE:BDT) PT at C$35.50

Bird Construction Inc. (TSE:BDT) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$35.50.

Several research analysts have weighed in on BDT shares. BMO Capital Markets lowered their price target on Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. CIBC lowered their target price on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. TD Securities upped their price target on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, ATB Capital boosted their price objective on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th.

Insider Transactions at Bird Construction

In other news, insider Wayne Richard Gingrich purchased 1,100 shares of Bird Construction stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of C$25.26 per share, for a total transaction of C$27,786.00. Following the purchase, the insider directly owned 14,000 shares of the company’s stock, valued at C$353,640. This trade represents a 8.53% increase in their position. Insiders have purchased 8,300 shares of company stock worth $210,360 in the last three months. Company insiders own 3.03% of the company’s stock.

Bird Construction Price Performance

TSE BDT opened at C$30.16 on Monday. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.53 and a beta of 0.63. The business has a 50 day simple moving average of C$28.77 and a 200 day simple moving average of C$28.24. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$31.76.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%.The firm had revenue of C$951.43 million during the quarter. Analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. Bird Construction’s dividend payout ratio is presently 48.04%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.