Bird Construction (TSE:BDT) Shares Up 12.4% Following Analyst Upgrade

Shares of Bird Construction Inc. (TSE:BDT) were up 12.4% during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$75.00 to C$85.00. The company traded as high as C$73.63 and last traded at C$72.48. 409,856 shares were traded during trading, an increase of 48% from the average session volume of 276,044 shares. The stock had previously closed at C$64.50.

Several other research analysts also recently weighed in on the stock. TD lifted their target price on shares of Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Raymond James Financial lifted their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group boosted their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, National Bank Financial increased 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. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$64.10.

Bird Construction Stock Up 11.9%

The stock has a market cap of C$4.00 billion, a P/E ratio of 80.20, a PEG ratio of 0.53 and a beta of 0.34. 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 business has a 50-day simple moving average of C$65.84 and a 200-day simple moving average of C$50.08.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 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$1.04 billion for the quarter. Analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

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

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.