Bird Construction (BDT) Price Target Increased to C$10.00 by Analysts at National Bank Financial

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Bird Construction (TSE:BDT) had its target price raised by National Bank Financial from C$9.50 to C$10.00 in a report released on Friday. National Bank Financial also issued estimates for Bird Construction’s FY2019 earnings at $0.56 EPS.

Several other equities analysts have also recently issued reports on BDT. Raymond James reduced their price objective on Bird Construction from C$11.50 to C$10.50 and set an outperform rating for the company in a report on Thursday, August 9th. TD Securities raised Bird Construction from a hold rating to a buy rating and set a C$9.00 price target for the company in a research report on Friday, August 10th.

BDT stock traded down C$0.25 during midday trading on Friday, hitting C$6.79. 62,500 shares of the stock were exchanged, compared to its average volume of 84,413. Bird Construction has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.40. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 79.65.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.12). The company had revenue of C$320.13 million during the quarter, compared to analysts’ expectations of C$324.00 million. As a group, equities analysts forecast that Bird Construction will post 0.610000032059661 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 20th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, November 29th. Bird Construction’s payout ratio is -1,300.00%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, and mining businesses.

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