BMO Capital Markets Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its target price raised by equities research analysts at BMO Capital Markets from C$38.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 31.85% from the stock’s previous close.

Several other research firms also recently commented on BDT. Canaccord Genuity Group raised their target price on Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. National Bank Financial upped their price target on Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. ATB Cormark Capital Markets increased their price objective on Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Raymond James Financial lifted their price objective on Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, TD Securities upped their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$41.38.

Bird Construction Trading Up 1.2%

Shares of Bird Construction stock opened at C$39.44 on Thursday. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$39.86. The firm has a market capitalization of C$2.18 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The company’s fifty day moving average price is C$32.29 and its two-hundred day moving average price is C$29.92.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. On average, analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.