Bird Construction (TSE:BDT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Bird Construction (TSE:BDT) had its price target increased by analysts at Stifel Nicolaus from C$37.00 to C$38.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 30.40% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BDT. BMO Capital Markets boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. TD Securities upped their price objective on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a “hold” rating in a report on Friday, August 9th. National Bankshares boosted their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Finally, CIBC lifted their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Three 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 company currently has an average rating of “Moderate Buy” and a consensus target price of C$32.44.

Bird Construction Stock Performance

Bird Construction stock traded up C$0.78 during midday trading on Thursday, reaching C$29.14. 175,685 shares of the company’s stock were exchanged, compared to its average volume of 146,245. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The stock’s 50-day simple moving average is C$26.10 and its 200 day simple moving average is C$24.39. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The business had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. On average, analysts expect that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.