Analysts Set Bird Construction Inc. (TSE:BDT) Target Price at C$20.06

Bird Construction Inc. (TSE:BDT) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$20.06.

A number of brokerages have commented on BDT. Canaccord Genuity Group upped their price objective on Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. TD Securities lifted their price objective on shares of Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Raymond James raised their target price on shares of Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. CIBC cut Bird Construction from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$17.00 to C$20.00 in a research note on Thursday, March 7th. Finally, National Bankshares lifted their price objective on Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, March 7th.

Bird Construction Price Performance

TSE:BDT opened at C$18.93 on Tuesday. The firm’s fifty day moving average price is C$18.09 and its two-hundred day moving average price is C$14.75. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The company has a market cap of C$1.02 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.53 and a beta of 1.21. Bird Construction has a one year low of C$8.01 and a one year high of C$19.40.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.40 by C$0.05. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The firm had revenue of C$792.07 million during the quarter, compared to the consensus estimate of C$722.63 million. Equities analysts expect that Bird Construction will post 1.7851782 earnings per share for the current year.

Bird Construction Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 17th will be given a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.96%. This is a boost from Bird Construction’s previous monthly dividend of $0.04. The ex-dividend date is Monday, April 29th. Bird Construction’s dividend payout ratio is currently 42.11%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.