Bird Construction (TSE:BDT) Hits New 12-Month High – Here’s Why

Bird Construction Inc. (TSE:BDT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$64.82 and last traded at C$64.54, with a volume of 116467 shares changing hands. The stock had previously closed at C$63.37.

Analysts Set New Price Targets

Several research firms have issued reports on BDT. ATB Cormark Capital Markets raised their price target on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. TD Securities increased their target price 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 lifted their target price on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group boosted their price target on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$60.10.

Bird Construction Price Performance

The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The stock’s 50 day simple moving average is C$57.12 and its two-hundred day simple moving average is C$41.73. The stock has a market cap of C$3.46 billion, a price-to-earnings ratio of 69.37, a P/E/G ratio of 0.53 and a beta of 0.32.

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. The company had revenue of C$783.37 million during the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. On average, analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share 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 given a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.3%. 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.