Bird Construction Inc. (BDT.TO) – What Are Analysts Thinking About This Stock?

Shares of Bird Construction Inc. (TSE:BDT) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$76.00.

A number of equities analysts recently issued reports on BDT shares. Canadian Imperial Bank of Commerce lifted their target price on Bird Construction from C$83.00 to C$87.00 in a report on Thursday. National Bank Financial lifted their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group downgraded shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price on the stock. in a report on Thursday, October 15th. ATB Cormark Capital Markets raised their price objective on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Stifel Nicolaus boosted their price objective on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research note on Friday, August 14th.

Bird Construction Price Performance

Bird Construction stock opened at C$68.01 on Wednesday. The firm has a 50-day moving average of C$75.18 and a two-hundred day moving average of C$56.27. Bird Construction has a 1 year low of C$23.56 and a 1 year high of C$86.50. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a market cap of C$3.77 billion, a price-to-earnings ratio of 63.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. The company had revenue of C$1.04 billion during the quarter. On average, research analysts forecast that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.84 annualized dividend and a yield of 1.2%. Bird Construction’s dividend payout ratio is presently 78.50%.

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.