Raymond James Financial Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its target price boosted by equities researchers at Raymond James Financial from C$90.00 to C$95.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s price objective points to a potential upside of 22.45% from the stock’s previous close.

Several other research firms have also commented on BDT. Canadian Imperial Bank of Commerce raised their price objective on Bird Construction from C$83.00 to C$87.00 in a research report on Thursday, October 29th. Stifel Nicolaus upped their target price on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Canaccord Genuity Group lowered Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price for the company. in a research note on Thursday, October 15th. BMO Capital Markets raised their target price on Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Finally, National Bank Financial boosted their price target on 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. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.00.

Bird Construction Trading Up 0.9%

Shares of BDT traded up C$0.69 during mid-day trading on Thursday, reaching C$77.58. The company had a trading volume of 361,206 shares, compared to its average volume of 308,544. Bird Construction has a fifty-two week low of C$23.56 and a fifty-two week high of C$86.50. The firm has a fifty day simple moving average of C$75.93 and a 200-day simple moving average of C$57.96. The stock has a market cap of C$4.30 billion, a price-to-earnings ratio of 72.50, a price-to-earnings-growth ratio of 0.53 and a beta of -0.01. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion during the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. On average, sell-side analysts anticipate that Bird Construction will post 2.76 EPS for the current fiscal 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.