Bird Construction Inc. (TSE:BDT) Given Average Recommendation of “Buy” by Analysts

Bird Construction Inc. (TSE:BDT) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$59.20.

Several analysts recently weighed in on the company. TD Securities boosted their price objective on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, March 16th. National Bank Financial upped their target price on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Raymond James Financial upped their target price on Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce upped their target price on Bird Construction from C$52.00 to C$61.00 in a report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets upped their target price on Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

Bird Construction Stock Down 1.0%

Shares of Bird Construction stock opened at C$57.79 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The firm has a market cap of C$3.20 billion, a P/E ratio of 64.21, a P/E/G ratio of 0.53 and a beta of 0.34. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$61.10. The business has a 50-day moving average price of C$48.03 and a 200 day moving average price of C$36.05.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The firm had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. On average, sell-side analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. Bird Construction’s dividend payout ratio is 93.33%.

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.