Bird Construction (TSE:BDT) PT Set at C$34.00 by Raymond James Financial

Bird Construction (TSE:BDT) received a C$34.00 price objective from analysts at Raymond James Financial in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 14.90% from the stock’s previous close.

Several other brokerages have also recently issued reports on BDT. National Bankshares lifted their price target on Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. BMO Capital Markets lowered their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Stifel Nicolaus boosted their price target on shares of Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. CIBC cut their price target on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. Finally, TD Securities lifted their price objective on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$35.50.

Bird Construction Price Performance

Shares of TSE BDT opened at C$29.59 on Tuesday. The stock has a market cap of C$1.64 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.53 and a beta of 0.63. The firm’s 50-day simple moving average is C$28.08 and its 200 day simple moving average is C$28.20. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$31.76. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. The firm had revenue of C$951.43 million during the quarter. Equities analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Insider Transactions at Bird Construction

In related news, insider Wayne Richard Gingrich bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of C$25.39 per share, with a total value of C$101,560.00. Following the completion of the transaction, the insider owned 8,000 shares of the company’s stock, valued at C$203,120. The trade was a 100.00% increase in their position. In the last quarter, insiders have acquired 8,300 shares of company stock valued at $210,360. Company insiders own 3.03% of the company’s stock.

Bird Construction Company Profile

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.