Bird Construction Inc. (TSE:BDT) Receives C$52.90 Average PT from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have been given an average rating of “Buy” by the eight analysts that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$52.90.

A number of equities analysts have recently issued reports on the stock. TD Securities upped their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. 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. TD increased their price target on shares of Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. 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. Finally, Jefferies Financial Group increased their price target on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th.

Bird Construction Trading Down 3.5%

Shares of Bird Construction stock opened at C$50.65 on Wednesday. The stock has a market capitalization of C$2.81 billion, a P/E ratio of 58.90, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66. The company has a 50-day simple moving average of C$41.78 and a 200 day simple moving average of C$33.60. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$56.28.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. Research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s dividend payout ratio is 97.67%.

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.