Bird Construction (TSE:BDT) Price Target Raised to C$35.00 at ATB Capital

Bird Construction (TSE:BDT) had its price objective increased by ATB Capital from C$33.00 to C$35.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. National Bankshares increased their price target on Bird Construction from C$23.00 to C$28.00 in a report on Thursday. Stifel Nicolaus increased their price target on Bird Construction from C$34.00 to C$37.00 in a report on Thursday. Raymond James increased their price target on Bird Construction from C$30.00 to C$35.00 in a report on Thursday. CIBC increased their price target on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. Finally, BMO Capital Markets raised their target price on Bird Construction from C$30.00 to C$35.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Bird Construction currently has an average rating of Moderate Buy and an average target price of C$31.88.

Bird Construction Stock Down 2.0 %

Shares of BDT opened at C$31.90 on Thursday. Bird Construction has a 52-week low of C$10.06 and a 52-week high of C$32.67. The company has a market capitalization of C$1.77 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The stock has a fifty day simple moving average of C$23.73 and a two-hundred day simple moving average of C$22.87. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40.

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

Bird Construction Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction’s payout ratio is presently 35.90%.

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.