Bird Construction Inc. (TSE:BDT) Receives C$35.50 Consensus Price Target from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$35.50.

A number of equities analysts have recently weighed in on BDT shares. Canadian Imperial Bank of Commerce reduced their price target on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Raymond James Financial set a C$34.00 price objective on Bird Construction and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. BMO Capital Markets decreased their target price on Bird Construction from C$37.00 to C$34.00 in a research note on Thursday, November 13th. Finally, ATB Cormark Capital Markets downgraded Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th.

Bird Construction Price Performance

Shares of BDT opened at C$31.49 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$32.59. The stock has a market cap of C$1.74 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The stock’s 50-day moving average price is C$30.08 and its two-hundred day moving average price is C$28.47.

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

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, November 28th. Bird Construction’s dividend payout ratio (DPR) is 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.