Bird Construction (TSE:BDT – Free Report) had its target price hoisted by BMO Capital Markets from C$29.00 to C$30.00 in a research report released on Tuesday, BayStreet.CA reports.
Other analysts also recently issued reports about the company. Canaccord Genuity Group raised their target price on Bird Construction from C$21.00 to C$23.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Raymond James increased their price target on Bird Construction from C$20.50 to C$25.00 and gave the stock an outperform rating in a report on Thursday, May 16th. ATB Capital increased their price target on Bird Construction from C$25.00 to C$29.00 and gave the stock an outperform rating in a report on Wednesday, June 12th. CIBC increased their price target on Bird Construction from C$22.00 to C$25.20 and gave the stock a neutral rating in a report on Wednesday, June 12th. Finally, TD Securities raised their target price on Bird Construction from C$25.00 to C$30.00 and gave the company a buy rating in a report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$26.90.
Read Our Latest Stock Report on BDT
Bird Construction Stock Performance
Bird Construction (TSE:BDT – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.03. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$688.20 million for the quarter, compared to analyst estimates of C$594.63 million. As a group, equities analysts anticipate that Bird Construction will post 1.8404534 EPS for the current fiscal year.
Bird Construction Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 20th will be paid a $0.0467 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.25%. Bird Construction’s dividend payout ratio (DPR) is presently 42.11%.
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.
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