National Bank Financial Reiterates C$57.00 Price Target for Bird Construction (TSE:BDT)

Bird Construction (TSE:BDT) has been assigned a C$57.00 price objective by equities research analysts at National Bank Financial in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential downside of 6.66% from the company’s current price.

A number of other brokerages also recently commented on BDT. TD Securities raised their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Jefferies Financial Group upped their price target on shares of Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. BMO Capital Markets increased their price target on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th. Raymond James Financial raised their price objective on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bird Construction has an average rating of “Buy” and a consensus price target of C$60.10.

Bird Construction Trading Down 2.1%

Shares of TSE:BDT traded down C$1.30 during trading on Tuesday, reaching C$61.07. 180,331 shares of the stock were exchanged, compared to its average volume of 272,535. The firm’s 50-day moving average price is C$54.76 and its 200 day moving average price is C$40.00. The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$65.01. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24.

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

About Bird Construction

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.