Bird Construction (TSE:BDT) PT Raised to C$35.00

Bird Construction (TSE:BDT) had its target price raised by BMO Capital Markets from C$30.00 to C$35.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other analysts have also commented on the company. Stifel Nicolaus lifted their price objective on Bird Construction from C$34.00 to C$37.00 in a report on Thursday. Raymond James boosted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday. Cibc World Mkts upgraded shares of Bird Construction to a hold rating in a research note on Friday, August 9th. National Bankshares boosted their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday. Finally, TD Securities upped their target price on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Bird Construction currently has a consensus rating of Moderate Buy and a consensus price target of C$31.88.

Bird Construction Stock Performance

BDT stock opened at C$31.90 on Thursday. The stock 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’s 50 day simple moving average is C$23.73 and its 200 day simple moving average is C$22.90. Bird Construction has a 12-month low of C$10.06 and a 12-month high of C$32.67. 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 (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million for the quarter, compared to the consensus estimate of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, research analysts forecast that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.0467 per share. 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 dividend payout ratio is presently 35.90%.

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.