Bird Construction (TSE:BDT) Reaches New 12-Month High After Analyst Upgrade

Bird Construction Inc. (TSE:BDT) reached a new 52-week high during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from C$50.00 to C$62.00. Canaccord Genuity Group currently has a buy rating on the stock. Bird Construction traded as high as C$56.82 and last traded at C$56.69, with a volume of 161485 shares traded. The stock had previously closed at C$51.09.

Several other analysts have also issued reports on BDT. Raymond James Financial increased their price target on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday. National Bank Financial raised their target price on shares of Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. TD Securities raised 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 report on Monday, March 16th. ATB Cormark Capital Markets raised their target price on shares of Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets upgraded shares of Bird Construction from a “hold” rating to an “outperform” rating and raised their target price for the company from C$55.00 to C$60.00 in a research report on Friday. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$56.40.

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 has a market cap of C$3.23 billion, a price-to-earnings ratio of 67.85, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The business’s 50-day simple moving average is C$43.01 and its two-hundred day simple moving average is C$34.06.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The firm had revenue of C$877.01 million for the quarter. Research analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.4%. Bird Construction’s dividend payout ratio (DPR) is presently 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.