National Bank Financial Boosts Bird Construction (TSE:BDT) Price Target to C$39.00

Bird Construction (TSE:BDT) had its price target raised by equities researchers at National Bank Financial from C$34.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 14.74% from the company’s previous close.

Several other equities analysts have also commented on BDT. Raymond James Financial set a C$34.00 target price on Bird Construction and gave the company an “outperform” rating in a report on Tuesday, January 20th. BMO Capital Markets lowered their price objective on Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. ATB Cormark Capital Markets downgraded Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$39.88.

Bird Construction Stock Up 3.5%

TSE BDT traded up C$1.15 on Friday, hitting C$33.99. 396,926 shares of the stock were exchanged, compared to its average volume of 229,563. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 75.72. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$34.75. The company has a market cap of C$1.88 billion, a PE ratio of 19.99, a PEG ratio of 0.53 and a beta of 0.68. The company has a 50-day moving average price of C$30.83 and a 200-day moving average price of C$28.96.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million for the quarter. Bird Construction had a net margin of 2.72% and a return on equity of 21.42%. Sell-side analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.