Bird Construction (TSE:BDT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.74 and traded as high as C$51.48. Bird Construction shares last traded at C$49.85, with a volume of 450,226 shares.

Wall Street Analyst Weigh In

BDT has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the stock a “buy” rating in a research note on Friday, April 17th. National Bank Financial lifted their price objective on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Canaccord Genuity Group lifted their price objective on Bird Construction from C$37.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, TD Securities upped their target price on 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. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction presently has a consensus rating of “Buy” and an average target price of C$52.90.

Bird Construction Price Performance

The firm has a market capitalization of C$2.76 billion, a P/E ratio of 57.97, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. The business has a 50 day simple moving average of C$42.12 and a two-hundred day simple moving average of C$33.74.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The firm had revenue of C$877.01 million for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. On average, sell-side analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. Bird Construction’s dividend payout ratio (DPR) is 97.67%.

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.