Bird Construction (TSE:BDT) Reaches New 12-Month High on Analyst Upgrade

Bird Construction Inc. (TSE:BDT)’s stock price hit a new 52-week high during trading on Monday after National Bank Financial raised their price target on the stock from C$57.00 to C$72.00. National Bank Financial currently has an outperform rating on the stock. Bird Construction traded as high as C$69.28 and last traded at C$68.76, with a volume of 150525 shares trading hands. The stock had previously closed at C$67.64.

Other analysts have also recently issued reports about the stock. TD Securities increased their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a report on Friday, April 17th. BMO Capital Markets boosted their price objective on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, May 25th. TD increased their price objective on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$62.60.

Bird Construction Stock Up 1.6%

The company’s 50 day moving average is C$59.69 and its two-hundred day moving average is C$43.57. The company has a market capitalization of C$3.81 billion, a PE ratio of 76.32, a PEG ratio of 0.53 and a beta of 0.34. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDT) last released its quarterly 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 net margin of 1.43% and a return on equity of 11.25%. On average, analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.2%. Bird Construction’s payout ratio is currently 93.33%.

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.