Bird Construction (TSE:BDT) Upgraded by BMO Capital Markets to Outperform Rating

BMO Capital Markets upgraded shares of Bird Construction (TSE:BDT) from a market perform rating to an outperform rating in a report issued on Friday,BayStreet.CA reports. The firm currently has C$60.00 price target on the stock, up from their previous price target of C$55.00.

BDT has been the topic of several other research reports. Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. TD Securities raised their target price on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, March 16th. ATB Cormark Capital Markets raised their target price on Bird Construction from C$38.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Raymond James Financial increased their price target on Bird Construction from C$44.00 to C$54.00 in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$56.40.

Bird Construction Stock Performance

Shares of BDT stock opened at C$58.35 on Friday. The company has a market capitalization of C$3.23 billion, a P/E ratio of 67.85, a P/E/G ratio of 0.53 and a beta of 0.34. The business’s 50 day moving average is C$43.01 and its two-hundred day moving average is C$34.06. The company has a current ratio of 1.24, a quick ratio of 1.20 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$58.36.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. Analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is currently 97.67%.

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.