Bird Construction (TSE:BDT) Given a C$57.00 Price Target by National Bank Financial Analysts

Bird Construction (TSE:BDT) received a C$57.00 price target from equities research analysts at National Bank Financial in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential downside of 6.66% from the company’s previous close.

BDT has been the subject of a number of other reports. Raymond James Financial boosted their price target on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus set a C$55.00 price objective on Bird Construction and gave the stock a “buy” rating in a research note on Friday, April 17th. TD Securities lifted their price objective on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. TD boosted their target price on shares of Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, 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. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$60.10.

Bird Construction Stock Down 2.1%

TSE:BDT traded down C$1.30 during mid-day trading on Tuesday, reaching C$61.07. The stock had a trading volume of 180,331 shares, compared to its average volume of 272,535. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$65.01. The stock’s 50 day simple moving average is C$54.76 and its two-hundred day simple moving average is C$40.00.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The firm had revenue of C$783.37 million for the quarter. Equities analysts anticipate 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.