Bird Construction (TSE:BDT) Reaches New 1-Year High – Time to Buy?

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$61.42 and last traded at C$57.21, with a volume of 191237 shares traded. The stock had previously closed at C$57.79.

Analyst Upgrades and Downgrades

Several research analysts have commented on BDT shares. National Bank Financial lifted their price objective on shares of Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. ATB Cormark Capital Markets raised their target price on shares of Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Raymond James Financial lifted their price target on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Jefferies Financial Group upped their price target on shares of Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Bird Construction from C$52.00 to C$61.00 in a research report on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction currently has a consensus rating of “Buy” and a consensus target price of C$59.20.

Bird Construction Stock Down 1.0%

The company has a 50-day simple moving average of C$48.48 and a 200 day simple moving average of C$36.32. The company has a market cap of C$3.17 billion, a P/E ratio of 63.57, a P/E/G ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. On average, equities analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th were given a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s payout ratio is 93.33%.

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.