Analysts Set Bird Construction Inc. (TSE:BDT) Price Target at C$60.10

Bird Construction Inc. (TSE:BDT) has been given an average rating of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$60.10.

A number of equities research analysts have weighed in on BDT shares. TD Securities boosted 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 report on Monday, March 16th. Canaccord Genuity Group increased their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Raymond James Financial raised their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Jefferies Financial Group raised their price objective on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a report on Friday, April 17th.

Bird Construction Trading Up 1.4%

BDT opened at C$63.37 on Thursday. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$65.01. 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 firm has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 70.41, a PEG ratio of 0.53 and a beta of 0.32. The company’s 50 day moving average price is C$56.31 and its two-hundred day moving average price is C$41.23.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, May 13th. The company reported C$0.25 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$783.37 million for the quarter. As a group, research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is 93.33%.

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.