Bird Construction (TSE:BDT) Lowered to “Market Perform” Rating by BMO Capital Markets

Bird Construction (TSE:BDT) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$55.00 price objective on the stock, up from their prior price objective of C$52.00. BMO Capital Markets’ price objective would indicate a potential upside of 6.86% from the company’s previous close.

BDT has been the topic of a number of other reports. Raymond James Financial raised their price objective on shares of Bird Construction from C$44.00 to C$54.00 in a report on Wednesday, April 29th. ATB Cormark Capital Markets raised their price objective on shares of Bird Construction from C$38.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday, April 20th. TD Securities lifted their price target 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. Jefferies Financial Group lifted their price target on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Stifel Nicolaus set a C$55.00 price target on shares of Bird Construction and gave the stock a “buy” rating in a research note on Friday, April 17th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Bird Construction has a consensus rating of “Moderate Buy” and an average price target of C$53.20.

Bird Construction Stock Up 3.2%

Shares of BDT traded up C$1.62 during midday trading on Thursday, reaching C$51.47. The stock had a trading volume of 465,693 shares, compared to its average volume of 266,975. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$56.28. The company’s fifty day simple moving average is C$42.12 and its two-hundred day simple moving average is C$33.74. The company has a market cap of C$2.85 billion, a price-to-earnings ratio of 59.85, a PEG ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The business had revenue of C$877.01 million for the quarter. Equities research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current year.

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.