Bird Construction Inc. (TSE:BDT) Receives Average Rating of “Buy” from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$62.60.

A number of equities research analysts have weighed in on BDT shares. TD lifted their target price on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Raymond James Financial increased their price target on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price target on Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 8th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Canaccord Genuity Group lifted their price objective on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research note on Friday, May 15th.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$76.55 on Monday. The business has a 50-day moving average price of C$61.66 and a two-hundred day moving average price of C$45.12. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$78.64. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. The company has a market cap of C$4.24 billion, a P/E ratio of 85.06, a PEG ratio of 0.53 and a beta of 0.34.

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

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is presently 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.