Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$60.10

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$60.10.

A number of research firms recently commented on BDT. Canadian Imperial Bank of Commerce lifted their price target on Bird Construction from C$52.00 to C$61.00 in a report on Tuesday, May 19th. TD upped their price objective on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 price objective on Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. National Bank Financial set a C$57.00 target price on Bird Construction and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Raymond James Financial lifted their target price on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th.

Bird Construction Stock Performance

Shares of BDT stock opened at C$64.73 on Thursday. The company has a fifty day moving average price of C$57.12 and a two-hundred day moving average price of C$41.73. Bird Construction has a one year low of C$22.40 and a one year high of C$65.01. The stock has a market cap of C$3.59 billion, a P/E ratio of 71.92, a P/E/G ratio of 0.53 and a beta of 0.32. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The company 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%. As a group, equities analysts predict that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.3%. Bird Construction’s dividend payout ratio (DPR) is currently 93.33%.

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.