Bird Construction (TSE:BDT) PT Raised to C$29.00

Bird Construction (TSE:BDT) had its price target hoisted by ATB Capital from C$25.00 to C$29.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on the company. BMO Capital Markets upped their price target on Bird Construction from C$25.00 to C$29.00 and gave the stock an outperform rating in a research note on Tuesday, June 11th. Canaccord Genuity Group upped their price target on Bird Construction from C$21.00 to C$23.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Raymond James upped their price target on Bird Construction from C$20.50 to C$25.00 and gave the stock an outperform rating in a research note on Thursday, May 16th. TD Securities upped their price target on Bird Construction from C$25.00 to C$30.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price on Bird Construction from C$25.00 to C$30.00 and gave the company a buy rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bird Construction presently has an average rating of Moderate Buy and a consensus price target of C$26.78.

Bird Construction Trading Down 1.2 %

Bird Construction stock opened at C$25.91 on Wednesday. The firm has a 50 day moving average of C$20.78 and a 200 day moving average of C$17.52. The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 0.53 and a beta of 1.22. Bird Construction has a 12-month low of C$8.01 and a 12-month high of C$26.32. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 46.93.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.20 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.03. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$688.20 million during the quarter, compared to the consensus estimate of C$594.63 million. As a group, research analysts predict that Bird Construction will post 1.8404534 earnings per share for the current year.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $0.047 per share. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, May 31st. Bird Construction’s dividend payout ratio is currently 42.11%.

About Bird Construction

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.