Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$75.60

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is C$75.60.

Several research firms recently issued reports on BDT. National Bank Financial increased their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 14th. TD upped their price target on shares of 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. Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a research note on Friday, August 14th. Finally, BMO Capital Markets increased their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research note on Thursday, August 13th.

Bird Construction Stock Performance

TSE:BDT opened at C$72.61 on Tuesday. The company has a debt-to-equity ratio of 93.81, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a 50-day simple moving average of C$69.58 and a two-hundred day simple moving average of C$56.40. The firm has a market capitalization of C$4.02 billion, a PE ratio of 67.86, a P/E/G ratio of 0.53 and a beta of 0.48. Bird Construction has a 52-week low of C$23.56 and a 52-week high of C$78.64.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%.The firm had revenue of C$1.04 billion for the quarter. Analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 1.2%. Bird Construction’s dividend payout ratio is currently 78.50%.

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.