Bird Construction (TSE:BDT) Share Price Passes Above 200-Day Moving Average of $7.91

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Bird Construction Inc. (TSE:BDT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.91 and traded as high as C$9.09. Bird Construction shares last traded at C$9.00, with a volume of 169,849 shares traded.

Several equities research analysts recently weighed in on the stock. Raymond James downgraded shares of Bird Construction from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$12.50 to C$12.00 in a research report on Thursday, March 11th. CIBC reiterated an “outperform” rating on shares of Bird Construction in a research note on Friday, January 15th. National Bank Financial reduced their target price on shares of Bird Construction from C$11.00 to C$10.50 and set a “na” rating for the company in a report on Thursday, March 11th. ATB Capital lifted their price target on shares of Bird Construction from C$10.50 to C$11.00 and gave the company a “na” rating in a report on Thursday, March 11th. Finally, TD Securities increased their price objective on shares of Bird Construction from C$9.00 to C$10.50 and gave the stock a “buy” rating in a research note on Friday, March 12th. Four investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$10.50.

The firm’s 50-day moving average price is C$8.96 and its 200-day moving average price is C$7.92. The company has a debt-to-equity ratio of 71.04, a current ratio of 1.20 and a quick ratio of 1.19. The stock has a market cap of C$477.35 million and a P/E ratio of 11.31.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, March 9th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.24. The company had revenue of C$554.96 million during the quarter, compared to analysts’ expectations of C$597.95 million. Sell-side analysts expect that Bird Construction Inc. will post 0.977827 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Thursday, May 20th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, April 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.33%. Bird Construction’s dividend payout ratio (DPR) is presently 48.99%.

About Bird Construction (TSE:BDT)

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

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