Bird Construction (TSE:BDT) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Bird Construction (TSE:BDT) had its price objective raised by equities researchers at Canadian Imperial Bank of Commerce from C$83.00 to C$87.00 in a report issued on Thursday, BayStreet reports. Canadian Imperial Bank of Commerce‘s price objective indicates a potential upside of 15.52% from the company’s previous close.

A number of other analysts also recently issued reports on BDT. BMO Capital Markets raised their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets boosted their price target on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. National Bank Financial increased their price objective on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group downgraded shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price for the company. in a report on Thursday, October 15th. Finally, Stifel Nicolaus boosted their target price on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$76.00.

Bird Construction Trading Down 0.0%

Bird Construction stock traded down C$0.02 during mid-day trading on Thursday, hitting C$75.31. The company’s stock had a trading volume of 234,796 shares, compared to its average volume of 303,675. The firm has a market capitalization of C$4.17 billion, a PE ratio of 70.38, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. Bird Construction has a 1 year low of C$23.56 and a 1 year high of C$86.50. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The stock’s fifty day moving average is C$75.10 and its two-hundred day moving average is C$55.85.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. The company had revenue of C$1.04 billion for the quarter. On average, analysts anticipate that Bird Construction will post 2.76 EPS 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.