ATB Cormark Capital Markets Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective boosted by ATB Cormark Capital Markets from C$48.00 to C$57.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on BDT. Canaccord Genuity Group upped their price objective on Bird Construction from C$37.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, April 17th. National Bank Financial upped their price objective on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Jefferies Financial Group upped their price objective on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. BMO Capital Markets raised Bird Construction from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$55.00 to C$60.00 in a research note on Friday. Finally, Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$56.40.

Bird Construction Stock Performance

Shares of BDT stock opened at C$58.35 on Friday. The stock’s 50-day moving average price is C$43.01 and its 200 day moving average price is C$34.06. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The stock has a market capitalization of C$3.23 billion, a PE ratio of 67.85, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. Bird Construction has a 52-week low of C$22.40 and a 52-week high of C$58.36.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, equities research analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. Bird Construction’s dividend payout ratio is presently 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.