BMO Capital Markets Boosts Bird Construction (TSE:BDT) Price Target to C$35.00

Bird Construction (TSE:BDT) had its price objective lifted by BMO Capital Markets from C$30.00 to C$35.00 in a report issued on Thursday, BayStreet.CA reports.

BDT has been the subject of a number of other research reports. Raymond James increased their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday. National Bankshares raised their price target on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday. CIBC raised their price target on shares of Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$34.00 to C$37.00 in a report on Thursday. Finally, ATB Capital raised their price target on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$31.88.

Bird Construction Stock Up 9.0 %

Shares of TSE:BDT opened at C$32.55 on Thursday. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market cap of C$1.80 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$10.06 and a 52 week high of C$32.67. The firm has a 50 day simple moving average of C$23.61 and a 200 day simple moving average of C$22.80.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The company had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. As a group, research analysts expect that Bird Construction will post 2.5901804 earnings per share for the current year.

Bird Construction Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be paid a $0.0467 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.72%. Bird Construction’s payout ratio is presently 35.90%.

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.