Bird Construction (TSE:BDT) Stock Rating Upgraded by BMO Capital Markets

Bird Construction (TSE:BDT) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The firm presently has a C$60.00 price objective on the stock, up from their prior price objective of C$55.00. BMO Capital Markets’ target price would suggest a potential upside of 4.13% from the company’s previous close.

A number of other brokerages also recently commented on BDT. TD upped their target price on Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Jefferies Financial Group increased their price objective on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. TD Securities increased their price objective on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. ATB Cormark Capital Markets increased their price objective on Bird Construction from C$38.00 to C$48.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Canaccord Genuity Group increased their price objective on Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bird Construction has a consensus rating of “Buy” and an average price target of C$56.40.

Bird Construction Trading Up 12.8%

Shares of TSE:BDT traded up C$6.53 during trading on Friday, reaching C$57.62. 443,309 shares of the company traded hands, compared to its average volume of 271,511. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66. The firm has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 67.00, a P/E/G ratio of 0.53 and a beta of 0.34. The business’s fifty day moving average is C$42.49 and its 200-day moving average is C$33.89. Bird Construction has a 52-week low of C$22.40 and a 52-week high of C$58.22.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The company had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%. As a group, analysts forecast that Bird Construction will post 2.7598533 EPS 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.