Bird Construction (TSE:BDT) Price Target Raised to C$44.00 at TD Securities

Bird Construction (TSE:BDT) had its price objective upped by TD Securities from C$31.00 to C$44.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 24.68% from the stock’s previous close.

Other research analysts have also issued reports about the company. Raymond James Financial raised their price target on Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday. ATB Cormark Capital Markets boosted their price objective on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group raised their target price on Bird Construction from C$33.00 to C$37.00 and gave the company a “buy” rating in a report on Friday. Finally, National Bank Financial lifted their target price on Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$39.13.

Bird Construction Trading Up 3.6%

Shares of Bird Construction stock traded up C$1.21 on Monday, reaching C$35.29. The company had a trading volume of 181,360 shares, compared to its average volume of 230,513. The firm’s 50 day moving average price is C$30.93 and its two-hundred day moving average price is C$29.13. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$35.73. The firm has a market cap of C$1.95 billion, a PE ratio of 20.76, a PEG ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. Sell-side analysts predict that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Company Profile

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.