Bird Construction (TSE:BDT) Price Target Raised to C$60.00

Bird Construction (TSE:BDT) had its price target hoisted by equities researchers at Raymond James Financial from C$54.00 to C$60.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 4.13% from the company’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group boosted their price target on Bird Construction from C$37.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group boosted their price target on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. TD Securities boosted their price target on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, March 16th. Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce increased their price target on Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$56.40.

Bird Construction Stock Performance

TSE:BDT traded up C$6.53 during trading hours on Friday, reaching C$57.62. The company had a trading volume of 443,309 shares, compared to its average volume of 271,511. Bird Construction has a 1-year low of C$22.40 and a 1-year high of C$58.22. The firm has a market cap of C$3.19 billion, a PE ratio of 67.00, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The business’s 50 day moving average price is C$42.49 and its 200-day moving average price is C$33.89. 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 results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The company had revenue of C$877.01 million during the quarter. Research analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

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.