Bird Construction (TSE:BDT) Price Target Raised to C$34.00 at Stifel Nicolaus

Bird Construction (TSE:BDT) had its target price boosted by equities research analysts at Stifel Nicolaus from C$31.00 to C$34.00 in a research report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 31.53% from the company’s current price.

BDT has been the topic of a number of other reports. ATB Capital boosted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th. Cibc World Mkts raised Bird Construction to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets lifted their price objective on Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. CIBC boosted their price objective on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Finally, National Bankshares increased their target price on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Bird Construction has a consensus rating of “Moderate Buy” and an average target price of C$28.13.

Bird Construction Stock Performance

Shares of BDT opened at C$25.85 on Friday. The stock has a 50 day moving average of C$23.45 and a 200 day moving average of C$22.54. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. Bird Construction has a 12 month low of C$10.06 and a 12 month high of C$27.30. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. The company had revenue of C$873.54 million for the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. As a group, sell-side analysts forecast that Bird Construction will post 2.5901804 earnings per share for the current year.

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.