Raymond James Financial Analysts Give Bird Construction (TSE:BDT) a C$34.00 Price Target

Raymond James Financial set a C$34.00 target price on Bird Construction (TSE:BDT) in a report published on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. CIBC cut their price target on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Stifel Nicolaus boosted their price objective on Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a research note on Monday, October 6th. National Bankshares raised their target price on Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets lowered their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Finally, ATB Capital increased their price target on Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$35.50.

Bird Construction Price Performance

Bird Construction stock opened at C$30.24 on Tuesday. The stock’s 50 day moving average is C$28.17 and its 200 day moving average is C$28.21. Bird Construction has a one year low of C$17.52 and a one year high of C$31.76. The firm has a market cap of C$1.67 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.53 and a beta of 0.63. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. The firm had revenue of C$951.43 million for the quarter. As a group, research analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 28th. Bird Construction’s dividend payout ratio is presently 48.04%.

Insider Activity

In other Bird Construction news, insider Wayne Richard Gingrich purchased 4,000 shares of Bird Construction stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of C$25.39 per share, with a total value of C$101,560.00. Following the transaction, the insider owned 8,000 shares in the company, valued at C$203,120. This trade represents a 100.00% increase in their position. In the last quarter, insiders acquired 8,300 shares of company stock valued at $210,360. 3.03% of the stock is owned by company insiders.

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.