Bird Construction Inc. (TSE:BDT) Given Average Rating of “Buy” by Brokerages

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$59.20.

A number of research firms have issued reports on BDT. Canaccord Genuity Group raised their target price on Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a report on Friday, May 15th. National Bank Financial lifted their price objective on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. TD Securities lifted their price objective on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Raymond James Financial lifted their price objective on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group lifted their price objective on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th.

Bird Construction Stock Performance

BDT opened at C$64.16 on Friday. The firm has a market capitalization of C$3.55 billion, a P/E ratio of 71.29, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The stock’s 50 day moving average price is C$50.11 and its two-hundred day moving average price is C$37.09. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$65.01.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The firm had revenue of C$783.37 million for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. On average, equities analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is presently 93.33%.

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.