Bird Construction Inc. (TSE:BDT) Stock Has Average Price Target of C$75.60 According to Brokerages

Bird Construction Inc. (TSE:BDT) has earned an average recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$75.60.

Several research analysts have weighed in on BDT shares. ATB Cormark Capital Markets boosted their price target on Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Stifel Nicolaus increased their price objective on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 14th. National Bank Financial raised their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canaccord Genuity Group boosted their target price on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. Finally, BMO Capital Markets upped their price target on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th.

Bird Construction Price Performance

Shares of TSE BDT opened at C$83.46 on Friday. The company has a fifty day moving average price of C$72.22 and a 200 day moving average price of C$61.41. The firm has a market cap of C$4.62 billion, a PE ratio of 78.00, a PEG ratio of 0.53 and a beta of 0.48. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. Bird Construction has a 1-year low of C$23.56 and a 1-year high of C$86.50.

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

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 20th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Bird Construction’s payout ratio is currently 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.