Bird Construction (TSE:BDT) Given New C$71.00 Price Target at Canadian Imperial Bank of Commerce

Bird Construction (TSE:BDT) had its price objective raised by analysts at Canadian Imperial Bank of Commerce from C$65.00 to C$71.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 5.58% from the company’s current price.

A number of other analysts have also issued reports on BDT. Canaccord Genuity Group raised their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the stock a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group upped their target price on Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. Raymond James Financial upped their price target on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, BMO Capital Markets increased their price objective on shares of Bird Construction from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a report on Monday, May 25th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$61.10.

Bird Construction Stock Performance

Shares of TSE BDT traded up C$0.50 during mid-day trading on Wednesday, hitting C$67.25. 100,527 shares of the company were exchanged, compared to its average volume of 269,331. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of 74.72, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The stock has a 50 day simple moving average of C$58.58 and a 200-day simple moving average of C$42.75. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$67.25. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 EPS for the quarter. The business had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. On average, sell-side analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal 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.