Bird Construction (TSE:BDT) Stock Passes Above 200 Day Moving Average – Time to Sell?

Bird Construction Inc. (TSE:BDT)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.82 and traded as high as C$60.69. Bird Construction shares last traded at C$59.25, with a volume of 244,267 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BDT shares. ATB Cormark Capital Markets increased their price target on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Raymond James Financial lifted their price target on 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 upped their target price on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. TD upped their target price on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, BMO Capital Markets increased their target price on Bird Construction from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Monday, May 25th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$59.20.

Bird Construction Stock Up 1.8%

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 company has a market capitalization of C$3.30 billion, a P/E ratio of 66.20, a PEG ratio of 0.53 and a beta of 0.32. The company has a 50 day moving average of C$52.16 and a 200-day moving average of C$38.30.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$783.37 million for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, equities analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.4%. Bird Construction’s dividend payout ratio (DPR) is presently 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.