Bird Construction (TSE:BDT) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$37.82 and traded as high as C$60.69. Bird Construction shares last traded at C$59.25, with a volume of 244,267 shares.

Analyst Ratings Changes

BDT has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Canadian Imperial Bank of Commerce upped their price target on Bird Construction from C$52.00 to C$61.00 in a report on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the stock a “buy” rating in a report on Friday, April 17th. ATB Cormark Capital Markets upped their price target on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, TD upped their price target on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$59.20.

Bird Construction Stock Down 1.2%

The business has a fifty day simple moving average of C$51.37 and a 200 day simple moving average of C$37.82. The firm has a market cap of C$3.28 billion, a price-to-earnings ratio of 65.83, a PEG ratio of 0.53 and a beta of 0.32. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

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

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is currently 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.