Bird Construction (TSE:BDT) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$37.82 and traded as high as C$60.69. Bird Construction shares last traded at C$59.25, with a volume of 244,267 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on BDT shares. Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets boosted their price target on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research note on Monday, May 25th. Canaccord Genuity Group boosted their price target on 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. National Bank Financial boosted their price target on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$59.20.

Bird Construction Stock Down 1.2%

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 stock has a market cap of C$3.28 billion, a PE ratio of 65.83, a P/E/G ratio of 0.53 and a beta of 0.32. The business has a 50 day moving average price of C$51.37 and a 200 day moving average price of C$37.82.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, May 13th. The company reported C$0.25 EPS for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The firm had revenue of C$783.37 million for the quarter. Equities research analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. Bird Construction’s dividend payout ratio 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.