National Bank Financial Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its target price lifted by equities researchers at National Bank Financial from C$72.00 to C$92.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 23.89% from the company’s current price.

Several other research firms also recently commented on BDT. TD lifted their price target on shares of Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Stifel Nicolaus boosted their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce lifted their price objective on Bird Construction from C$71.00 to C$83.00 in a report on Friday. Canaccord Genuity Group boosted their target price on Bird Construction from C$62.00 to C$83.00 in a research note on Friday. Finally, ATB Cormark Capital Markets lifted their price target on Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$75.60.

Bird Construction Price Performance

TSE BDT traded up C$2.38 during trading on Friday, reaching C$74.26. The company’s stock had a trading volume of 407,577 shares, compared to its average volume of 278,381. The firm has a fifty day moving average of C$65.99 and a 200 day moving average of C$50.38. Bird Construction has a one year low of C$22.40 and a one year high of C$78.64. The stock has a market capitalization of C$4.11 billion, a PE ratio of 82.51, a P/E/G ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 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$1.04 billion for the quarter. Analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal 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.