Stifel Nicolaus Raises Bird Construction (TSE:BDT) Price Target to C$31.00

Bird Construction (TSE:BDT) had its target price upped by equities research analysts at Stifel Nicolaus from C$30.00 to C$31.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 28.84% from the company’s current price.

Other equities analysts have also issued research reports about the company. National Bankshares raised their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. ATB Capital boosted their price target on shares of Bird Construction from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Canaccord Genuity Group lifted their target price on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Raymond James upped their price target on Bird Construction from C$20.50 to C$25.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Finally, BMO Capital Markets raised their price target on Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.63.

Bird Construction Stock Up 2.0 %

BDT traded up C$0.47 on Friday, hitting C$24.06. 90,750 shares of the company were exchanged, compared to its average volume of 136,925. The company has a debt-to-equity ratio of 55.15, a quick ratio of 1.20 and a current ratio of 1.25. The stock’s fifty day moving average is C$25.25 and its 200-day moving average is C$20.71. The company has a market cap of C$1.33 billion, a PE ratio of 16.86, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$9.15 and a 12 month high of C$27.30.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. Bird Construction had a return on equity of 25.39% and a net margin of 2.59%. Equities research analysts predict that Bird Construction will post 1.9383117 EPS for the current fiscal year.

Bird Construction Company Profile

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.