Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$62.60

Shares of Bird Construction Inc. (TSE:BDT) have received a consensus rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$62.60.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a C$55.00 target price on Bird Construction and gave the stock a “buy” rating in a research note on Friday, April 17th. TD boosted their price target on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. BMO Capital Markets upped their price objective on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th. Jefferies Financial Group upped their price objective on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Finally, Raymond James Financial increased their price objective on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th.

Bird Construction Stock Down 6.7%

Shares of BDT opened at C$71.91 on Monday. The firm has a market cap of C$3.98 billion, a P/E ratio of 79.90, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. Bird Construction has a 52 week low of C$22.40 and a 52 week high of C$78.64. The firm’s 50-day simple moving average is C$63.08 and its 200 day simple moving average is C$46.09.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The firm had revenue of C$783.37 million during the quarter. On average, analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.2%. Bird Construction’s dividend payout ratio is 93.33%.

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.