Brokerages Set Bird Construction Inc. (TSE:BDT) Price Target at C$33.00

Bird Construction Inc. (TSE:BDT) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$33.00.

A number of brokerages have recently commented on BDT. ATB Capital boosted their price target on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. National Bankshares boosted their target price on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. TD Securities lifted their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Finally, CIBC increased their target price on shares of Bird Construction from C$29.50 to C$34.00 in a report on Friday, December 13th.

Bird Construction Stock Performance

Shares of BDT stock opened at C$22.69 on Thursday. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 52 week low of C$14.60 and a 52 week high of C$32.67. The company’s 50 day moving average price is C$27.19 and its two-hundred day moving average price is C$26.23. The company has a market capitalization of C$1.26 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, analysts expect that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.70%. Bird Construction’s payout ratio is 53.85%.

Bird Construction Company Profile

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.