Bird Construction (TSE:BDT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.86 and traded as high as C$31.50. Bird Construction shares last traded at C$31.48, with a volume of 176,403 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BDT. 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. ATB Cormark Capital Markets downgraded Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$35.50.

Bird Construction Trading Up 0.7%

The company has a debt-to-equity ratio of 75.72, a current ratio of 1.28 and a quick ratio of 1.20. The stock has a 50-day moving average price of C$30.75 and a two-hundred day moving average price of C$28.94. The stock has a market cap of C$1.78 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a return on equity of 21.42% and a net margin of 2.72%.The company had revenue of C$877.01 million for the quarter. Sell-side analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

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.