Bird Construction (TSE:BDT) Given New C$87.00 Price Target at ATB Cormark Capital Markets

Bird Construction (TSE:BDT) had its price objective increased by research analysts at ATB Cormark Capital Markets from C$57.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 17.16% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. National Bank Financial raised their price target on Bird Construction from C$57.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce boosted their price target on Bird Construction from C$71.00 to C$83.00 in a research note on Friday. Raymond James Financial increased their price objective on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets raised their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of Bird Construction from C$62.00 to C$83.00 in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$75.60.

Bird Construction Stock Up 3.3%

Shares of TSE BDT traded up C$2.38 during mid-day trading on Friday, reaching C$74.26. The company had a trading volume of 407,577 shares, compared to its average volume of 278,381. Bird Construction has a twelve month low of C$22.40 and a twelve month high of C$78.64. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of C$4.11 billion, a PE ratio of 82.51, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The stock’s 50 day moving average is C$65.99 and its 200-day moving average is C$50.38.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The firm had revenue of C$1.04 billion during the quarter. As a group, equities analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

About Bird Construction

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.