Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$62.60

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is C$62.60.

A number of brokerages have recently weighed in on BDT. Canadian Imperial Bank of Commerce lifted their price objective on Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group increased their target price on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial raised their target price on Bird Construction from C$57.00 to C$72.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, ATB Cormark Capital Markets boosted their price target on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th.

Bird Construction Stock Performance

TSE:BDT opened at C$70.77 on Monday. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$78.64. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The company has a 50 day moving average price of C$63.72 and a 200 day moving average price of C$46.68. The stock has a market capitalization of C$3.92 billion, a P/E ratio of 78.63, a PEG ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The company had revenue of C$783.37 million for the quarter. Equities research analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Bird Construction’s payout ratio is 93.33%.

About Bird Construction

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.