TD Securities Raises Bird Construction (TSE:BDT) Price Target to C$36.00

Bird Construction (TSE:BDT) had its price objective lifted by TD Securities from C$31.00 to C$36.00 in a research report released on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also commented on the stock. Cibc World Mkts upgraded shares of Bird Construction to a hold rating in a report on Friday, August 9th. CIBC increased their target price on shares of Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. ATB Capital increased their target price on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. BMO Capital Markets increased their target price on shares of Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. Finally, Stifel Nicolaus increased their target price on shares of Bird Construction from C$31.00 to C$34.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$31.88.

Bird Construction Trading Down 2.0 %

Shares of Bird Construction stock opened at C$31.90 on Thursday. The company has a market cap of C$1.77 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The firm has a 50-day simple moving average of C$23.73 and a two-hundred day simple moving average of C$22.87. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a fifty-two week low of C$10.06 and a fifty-two week high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of C$772.65 million. As a group, equities analysts predict that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.76%. Bird Construction’s dividend payout ratio (DPR) is presently 35.90%.

Bird Construction Company Profile

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.