Bird Construction (TSE:BDT) Sets New 52-Week High – What’s Next?

Shares of Bird Construction Inc. (TSE:BDT) reached a new 52-week high during trading on Wednesday. The stock traded as high as C$83.57 and last traded at C$83.15, with a volume of 367332 shares changing hands. The stock had previously closed at C$81.46.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Bird Construction from C$62.00 to C$83.00 in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their target price on Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. Stifel Nicolaus lifted their price target 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. BMO Capital Markets boosted their price target on Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Finally, ATB Cormark Capital Markets upped their price objective on Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$75.60.

Bird Construction Stock Down 2.4%

The firm has a 50-day simple moving average of C$71.02 and a 200 day simple moving average of C$59.03. The stock has a market capitalization of C$4.42 billion, a P/E ratio of 74.59, a P/E/G ratio of 0.53 and a beta of 0.48. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. The business had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. On average, equities research analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.84 annualized dividend and a yield of 1.1%. Bird Construction’s payout ratio is presently 78.50%.

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.