Bird Construction (TSE:BDT – Free Report) had its target price lifted by CIBC from C$25.50 to C$26.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.
Several other analysts have also issued reports on BDT. TD Securities increased their price target on shares of Bird Construction from C$25.00 to C$30.00 and gave the stock a buy rating in a research report on Wednesday, June 12th. 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 note on Wednesday, May 15th. ATB Capital increased their price objective 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. National Bankshares increased their price objective on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a sector perform rating in a research note on Tuesday, June 11th. Finally, Raymond James increased their price objective on shares of Bird Construction from C$20.50 to C$25.00 and gave the company an outperform rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$27.63.
Check Out Our Latest Stock Analysis on BDT
Bird Construction Stock Performance
Bird Construction (TSE:BDT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The business had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.59% and a return on equity of 25.39%. On average, research analysts predict that Bird Construction will post 1.9383117 EPS for the current fiscal year.
Bird Construction Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 20th will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.56 annualized dividend and a yield of 2.29%. Bird Construction’s payout ratio is 39.44%.
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.
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