National Bank Financial Raises Bird Construction (TSE:BDT) Price Target to C$72.00

Bird Construction (TSE:BDT) had its price target raised by National Bank Financial from C$57.00 to C$72.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 5.71% from the company’s previous close.

A number of other brokerages also recently commented on BDT. Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets increased their price target on Bird Construction from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Monday, May 25th. Canadian Imperial Bank of Commerce raised their price target on Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. TD boosted their price objective on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets upped their price objective on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$62.60.

Bird Construction Stock Performance

Shares of Bird Construction stock traded up C$0.47 during trading hours on Monday, reaching C$68.11. The company’s stock had a trading volume of 127,315 shares, compared to its average volume of 267,076. Bird Construction has a one year low of C$22.40 and a one year high of C$68.74. The company’s 50 day simple moving average is C$59.69 and its 200 day simple moving average is C$43.57. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of C$3.77 billion, a P/E ratio of 75.68, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$783.37 million during the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. As a group, analysts expect that Bird Construction will post 2.7598533 EPS 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.