Bird Construction Inc. (TSE:BDT) Stock Has Average Price Target of C$75.60

Shares of Bird Construction Inc. (TSE:BDT) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$76.00.

Several research firms have weighed in on BDT. BMO Capital Markets lifted their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Canaccord Genuity Group lowered Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price for the company. in a report on Thursday, October 15th. Stifel Nicolaus increased their target price on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 14th. National Bank Financial raised their target price on Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their price target on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a report on Friday, August 14th.

Bird Construction Stock Performance

Shares of BDT opened at C$68.01 on Wednesday. The company has a 50-day moving average of C$75.18 and a two-hundred day moving average of C$56.27. The stock has a market cap of C$3.77 billion, a price-to-earnings ratio of 63.56, a PEG ratio of 0.53 and a beta of 0.14. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20. Bird Construction has a one year low of C$23.56 and a one year high of C$86.50.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. On average, equities research analysts expect that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 20th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 30th. Bird Construction’s dividend payout ratio is currently 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.