Bird Construction Inc. (TSE:BDT) Given Average Rating of “Buy” by Brokerages

Bird Construction Inc. (TSE:BDT) has been assigned an average rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$75.60.

A number of brokerages have recently issued reports on BDT. TD lifted their price objective on shares of Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. BMO Capital Markets increased their target price on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their target price on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. Canaccord Genuity Group lifted their price target on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. Finally, National Bank Financial lifted their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a report on Friday, August 14th.

Bird Construction Price Performance

Shares of BDT stock opened at C$71.96 on Tuesday. Bird Construction has a 1-year low of C$23.56 and a 1-year high of C$78.64. The stock’s 50-day moving average is C$69.42 and its 200 day moving average is C$55.94. The company has a market cap of C$3.99 billion, a P/E ratio of 67.25, a PEG ratio of 0.53 and a beta of 0.48. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. The business had revenue of C$1.04 billion during the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. Research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Bird Construction’s dividend payout ratio (DPR) is presently 78.50%.

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.