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

Bird Construction Inc. (TSE:BDT) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is C$60.10.

BDT has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th. Canaccord Genuity Group increased their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a report on Friday, May 15th. Raymond James Financial increased their target price on shares of 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 increased their target price on shares of Bird Construction from C$52.00 to C$61.00 in a report on Tuesday, May 19th. Finally, National Bank Financial set a C$57.00 target price on shares of Bird Construction and gave the company an “outperform” rating in a report on Tuesday.

Bird Construction Trading Up 1.4%

Shares of Bird Construction stock opened at C$61.78 on Thursday. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$65.01. 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 stock has a market cap of C$3.42 billion, a PE ratio of 68.64, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. The company has a 50-day moving average of C$55.31 and a two-hundred day moving average of C$40.49.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The company had revenue of C$783.37 million during the quarter. On average, research analysts anticipate that Bird Construction 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. Shareholders of record on Wednesday, May 20th were issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. 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.