Bird Construction (TSE:BDT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Bird Construction Inc. (TSE:BDT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.25 and traded as high as C$61.90. Bird Construction shares last traded at C$59.87, with a volume of 163,114 shares changing hands.

Analyst Ratings Changes

BDT has been the topic of several research analyst reports. TD Securities increased their price target on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, March 16th. TD increased their price target on shares of Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce increased their price target on shares of Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, National Bank Financial increased their price target on shares of 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. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$59.20.

Bird Construction Price Performance

The company’s fifty day moving average is C$53.66 and its two-hundred day moving average is C$39.25. The firm has a market capitalization of C$3.32 billion, a price-to-earnings ratio of 66.52, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19.

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. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The business had revenue of C$783.37 million for the quarter. Equities research analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, April 30th. Bird Construction’s dividend payout ratio is currently 93.33%.

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.