Bird Construction (TSE:BDT) Price Target Increased to C$25.00 by Analysts at TD Securities

Bird Construction (TSE:BDTFree Report) had its price target hoisted by TD Securities from C$22.00 to C$25.00 in a research note published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on BDT. ATB Capital boosted their price objective on shares of Bird Construction from C$23.00 to C$25.00 and gave the company an outperform rating in a research report on Wednesday. Canaccord Genuity Group upped their price target on Bird Construction from C$21.00 to C$23.00 and gave the company a buy rating in a research report on Wednesday. Raymond James increased their price objective on Bird Construction from C$20.50 to C$25.00 and gave the stock an outperform rating in a report on Thursday. Stifel Nicolaus boosted their target price on Bird Construction from C$24.00 to C$25.00 and gave the company a buy rating in a research note on Thursday. Finally, CIBC lifted their price target on shares of Bird Construction from C$20.00 to C$22.00 and gave the company a neutral rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$23.71.

View Our Latest Stock Analysis on Bird Construction

Bird Construction Price Performance

TSE BDT traded down C$0.43 during trading hours on Friday, reaching C$21.11. 122,986 shares of the stock traded hands, compared to its average volume of 130,614. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.23. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. Bird Construction has a 1 year low of C$8.01 and a 1 year high of C$22.74. The stock has a 50 day simple moving average of C$19.18 and a two-hundred day simple moving average of C$15.95.

Bird Construction (TSE:BDTGet Free Report) last issued its earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The company had revenue of C$792.07 million for the quarter, compared to analysts’ expectations of C$722.63 million. On average, analysts predict that Bird Construction will post 1.7862191 EPS for the current fiscal year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a $0.047 dividend. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, May 31st. This represents a $0.56 dividend on an annualized basis and a yield of 2.67%. Bird Construction’s payout ratio is presently 42.11%.

Bird Construction Company Profile

(Get Free Report)

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.

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Analyst Recommendations for Bird Construction (TSE:BDT)

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