Canadian Imperial Bank of Commerce Raises Bird Construction (TSE:BDT) Price Target to C$61.00

Bird Construction (TSE:BDT) had its price target increased by stock analysts at Canadian Imperial Bank of Commerce from C$52.00 to C$61.00 in a report issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 3.44% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Raymond James Financial increased their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity Group increased their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. ATB Cormark Capital Markets increased their target price on shares of Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets raised shares of Bird Construction from a “hold” rating to an “outperform” rating and increased their target price for the company from C$55.00 to C$60.00 in a research report on Friday. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$58.20.

Bird Construction Stock Up 1.1%

Shares of TSE:BDT traded up C$0.62 during trading hours on Tuesday, reaching C$58.97. The stock had a trading volume of 241,593 shares, compared to its average volume of 273,549. Bird Construction has a 1 year low of C$22.40 and a 1 year high of C$61.10. The firm’s 50 day moving average is C$43.54 and its 200-day moving average is C$34.27. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 65.52, a P/E/G ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The company had revenue of C$877.01 million for the quarter. Research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.