Bird Construction Inc. (TSE:BDT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Bird Construction Inc. (TSE:BDT) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$26.78.

Several research firms have issued reports on BDT. Canaccord Genuity Group boosted their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. BMO Capital Markets upped their target price on Bird Construction from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. 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 report on Thursday, May 16th. National Bankshares upped their price target on Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 11th. Finally, CIBC upped their target price on Bird Construction from C$22.00 to C$25.20 and gave the company a “neutral” rating in a research note on Wednesday, June 12th.

Bird Construction Stock Performance

BDT stock opened at C$26.87 on Friday. The company has a market capitalization of C$1.45 billion, a P/E ratio of 20.20, a PEG ratio of 0.53 and a beta of 1.22. The company has a 50-day simple moving average of C$22.83 and a 200 day simple moving average of C$18.79. Bird Construction has a fifty-two week low of C$8.13 and a fifty-two week high of C$27.30. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts predict that Bird Construction will post 1.8404534 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, July 31st. Bird Construction’s payout ratio is presently 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.