Bird Construction (TSE:BDT) Given New C$93.00 Price Target at TD

Bird Construction (TSE:BDT) had its price target hoisted by equities researchers at TD from C$85.00 to C$93.00 in a research note issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price objective would suggest a potential upside of 22.95% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. ATB Cormark Capital Markets raised their target price on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their price target on shares of Bird Construction from C$83.00 to C$87.00 in a research report on Thursday, October 29th. Canaccord Genuity Group downgraded shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price target for the company. in a report on Thursday, October 15th. National Bank Financial raised their price objective on shares of Bird Construction from C$92.00 to C$101.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Raymond James Financial lifted their price objective on shares of Bird Construction from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$87.10.

Bird Construction Price Performance

TSE:BDT traded down C$1.01 during midday trading on Friday, hitting C$75.64. 307,526 shares of the stock were exchanged, compared to its average volume of 309,215. Bird Construction has a one year low of C$24.39 and a one year high of C$86.50. The company has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 70.69, a P/E/G ratio of 0.53 and a beta of -0.01. The business has a 50-day moving average price of C$76.13 and a two-hundred day moving average price of C$58.19. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. The firm had revenue of C$1.30 billion during the quarter. Sell-side analysts predict that Bird Construction will post 2.76 EPS for the current 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.