Bird Construction Inc. (TSE:BDT) Stock Rated “Buy” by Sell-Side Analysts

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$75.60.

BDT has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a report on Friday, August 14th. National Bank Financial increased 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. BMO Capital Markets increased their price target on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Canaccord Genuity Group lifted their price target on Bird Construction from C$62.00 to C$83.00 in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th.

Bird Construction Stock Performance

Bird Construction stock opened at C$82.17 on Friday. Bird Construction has a 52 week low of C$23.56 and a 52 week high of C$86.50. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The stock has a market cap of C$4.55 billion, a P/E ratio of 76.79, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. The stock has a 50 day moving average of C$72.90 and a 200-day moving average of C$62.08.

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

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 20th will be given a $0.07 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.0%. Bird Construction’s dividend payout ratio (DPR) 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.