Bird Construction (TSE:BDT) Reaches New 1-Year High – Time to Buy?

Bird Construction Inc. (TSE:BDT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$56.82 and last traded at C$56.69, with a volume of 161485 shares. The stock had previously closed at C$51.09.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BDT. Jefferies Financial Group raised their target price on shares of Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. ATB Cormark Capital Markets upped their price target on shares of Bird Construction from C$38.00 to C$48.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Canaccord Genuity Group lifted their price objective on shares of Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Raymond James Financial boosted their target price on shares of Bird Construction from C$44.00 to C$54.00 in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.20.

Bird Construction Trading Up 11.0%

The company has a 50-day moving average price of C$42.49 and a two-hundred day moving average price of C$33.89. The stock has a market cap of C$3.14 billion, a P/E ratio of 65.94, a P/E/G ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The company had revenue of C$877.01 million during the quarter. On average, research analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. Bird Construction’s payout ratio is currently 97.67%.

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.