Bird Construction (TSE:BDT) Stock Gets Price Target Increase from Stifel Nicolaus

Bird Construction (TSE:BDT) had its price target increased by stock analysts at Stifel Nicolaus from C$100.00 to C$105.00 in a report released on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target points to a potential upside of 38.82% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. ATB Cormark Capital Markets increased their price target on shares of Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Canaccord Genuity Group lowered Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price objective for the company. in a report on Thursday, October 15th. TD raised their price target on Bird Construction from C$85.00 to C$93.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce upped their price objective on Bird Construction from C$83.00 to C$87.00 in a report on Thursday, October 29th. Finally, National Bank Financial boosted their price objective on shares of Bird Construction from C$92.00 to C$101.00 and gave the stock an “outperform” rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$87.10.

Bird Construction Stock Performance

Shares of TSE:BDT traded down C$1.01 during midday trading on Friday, reaching C$75.64. 307,526 shares of the company traded hands, compared to its average volume of 309,215. The firm’s fifty day moving average price is C$76.13 and its two-hundred day moving average price is C$58.19. The firm has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 70.69, a price-to-earnings-growth ratio of 0.53 and a beta of -0.01. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. Bird Construction has a 12 month low of C$24.39 and a 12 month high of C$86.50.

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

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.