Bird Construction Inc. (BDT.TO) – What Are Investment Firms Thinking About This Stock?

Bird Construction Inc. (TSE:BDT) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$76.00.

BDT has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets lifted their target price on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. National Bank Financial upped their target price 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. Canadian Imperial Bank of Commerce increased their price target on Bird Construction from C$83.00 to C$87.00 in a research note on Thursday, October 29th. Finally, Canaccord Genuity Group lowered Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price target for the company. in a research note on Thursday, October 15th.

Bird Construction Price Performance

TSE BDT opened at C$74.56 on Wednesday. Bird Construction has a 12 month low of C$23.56 and a 12 month high of C$86.50. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of 69.68, a PEG ratio of 0.53 and a beta of 0.14. The company’s 50 day moving average is C$75.33 and its two-hundred day moving average is C$56.69. 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 (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. The business had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, research analysts anticipate that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.1%. Bird Construction’s dividend payout ratio is 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.