Bird Construction (TSE:BDT) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Bird Construction Inc. (TSE:BDT) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$65.08 and traded as high as C$72.57. Bird Construction shares last traded at C$68.46, with a volume of 518,759 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price target on shares of Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. National Bank Financial increased their price objective on Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets raised their price objective on shares of Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. BMO Capital Markets raised their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group downgraded shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price target for the company. in a research report on Thursday, October 15th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and an average price target of C$75.60.

Bird Construction Trading Up 0.9%

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’s fifty day moving average is C$75.02 and its 200 day moving average is C$65.11. The stock has a market cap of C$3.83 billion, a P/E ratio of 64.58, a P/E/G ratio of 0.53 and a beta of 0.14.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, equities research analysts predict that Bird Construction Inc. will post 2.76 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.2%. Bird Construction’s payout ratio is 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.