Bird Construction Inc. (TSE:BDT) Receives Average Rating of “Moderate Buy” from Analysts

Bird Construction Inc. (TSE:BDT) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$33.00.

BDT has been the topic of a number of recent research reports. CIBC lifted their target price on shares of Bird Construction from C$29.50 to C$34.00 in a report on Friday, December 13th. BMO Capital Markets upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. ATB Capital raised their price target on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. National Bankshares upped their price objective on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Finally, Stifel Nicolaus increased their price objective on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th.

Bird Construction Stock Performance

Shares of BDT stock opened at C$26.18 on Friday. The stock’s 50-day moving average is C$29.01 and its two-hundred day moving average is C$26.38. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 1 year low of C$13.25 and a 1 year high of C$32.67. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The firm had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. Analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. Bird Construction’s payout ratio is 53.85%.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.