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

Bird Construction Inc. (TSE:BDT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.65 and traded as high as C$67.86. Bird Construction shares last traded at C$67.70, with a volume of 245,816 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BDT. Raymond James Financial raised their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. 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 research note on Friday, August 14th. National Bank Financial raised their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a report on Friday, August 14th. TD lifted their price objective 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 upped their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$75.60.

Bird Construction Trading Up 1.8%

The stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 61.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The company has a fifty day moving average of C$68.29 and a two-hundred day moving average of C$53.89.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%.The company had revenue of C$1.04 billion for the quarter. On average, research analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 20th were paid a $0.07 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.3%. Bird Construction’s dividend payout ratio (DPR) is presently 78.50%.

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.