BMO Capital Markets Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its target price lifted by equities researchers at BMO Capital Markets from C$95.00 to C$100.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets‘s price objective suggests a potential upside of 28.90% from the company’s previous close.

A number of other equities research analysts have also weighed in on BDT. National Bank Financial lifted their price objective on Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group downgraded Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price for the company. in a report on Thursday, October 15th. Stifel Nicolaus raised their price target on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Raymond James Financial raised their price target on Bird Construction from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, ATB Cormark Capital Markets lifted their target price on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$81.00.

Bird Construction Trading Up 0.9%

Shares of Bird Construction stock traded up C$0.69 during trading on Thursday, reaching C$77.58. 361,206 shares of the stock were exchanged, compared to its average volume of 308,544. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The firm has a market cap of C$4.30 billion, a price-to-earnings ratio of 72.50, a price-to-earnings-growth ratio of 0.53 and a beta of -0.01. Bird Construction has a 1 year low of C$23.56 and a 1 year high of C$86.50. The stock’s fifty day moving average is C$75.93 and its 200 day moving average is C$57.96.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. As a group, equities research analysts expect that Bird Construction will post 2.76 earnings per share 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.