Bird Construction (TSE:BDT) Price Target Increased to C$29.00 by Analysts at BMO Capital Markets

Bird Construction (TSE:BDTFree Report) had its target price hoisted by BMO Capital Markets from C$25.00 to C$29.00 in a research note released on Tuesday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on the stock. TD Securities increased their price objective on shares of Bird Construction from C$22.00 to C$25.00 and gave the company a buy rating in a research report on Friday, May 17th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$25.00 to C$30.00 and gave the company a buy rating in a research report on Tuesday. CIBC increased their price objective on shares of Bird Construction from C$20.00 to C$22.00 and gave the company a neutral rating in a research report on Thursday, May 16th. National Bankshares increased their price objective on shares of Bird Construction from C$18.00 to C$21.00 and gave the company a sector perform rating in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Bird Construction has a consensus rating of Moderate Buy and an average price target of C$26.78.

Get Our Latest Stock Report on Bird Construction

Bird Construction Trading Up 1.7 %

TSE:BDT opened at C$26.22 on Tuesday. The company’s 50 day moving average price is C$20.49 and its 200-day moving average price is C$17.32. Bird Construction has a 52 week low of C$8.01 and a 52 week high of C$26.32. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 0.53 and a beta of 1.22.

Bird Construction (TSE:BDTGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.03. The firm had revenue of C$688.20 million for the quarter, compared to analysts’ expectations of C$594.63 million. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. On average, equities research analysts forecast that Bird Construction will post 1.8404534 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $0.047 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 annualized dividend and a yield of 2.15%. Bird Construction’s dividend payout ratio (DPR) is presently 42.11%.

Bird Construction Company Profile

(Get Free Report)

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.

Featured Articles

Analyst Recommendations for Bird Construction (TSE:BDT)

Receive News & Ratings for Bird Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bird Construction and related companies with MarketBeat.com's FREE daily email newsletter.