Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$59.20

Shares of Bird Construction Inc. (TSE:BDT) have been given a consensus rating of “Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$59.20.

A number of brokerages recently commented on BDT. ATB Cormark Capital Markets upped their price objective on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. National Bank Financial upped their price objective on 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. Raymond James Financial upped their price objective on 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. BMO Capital Markets upped their price objective on Bird Construction from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Monday, May 25th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th.

Bird Construction Stock Performance

BDT stock opened at C$60.40 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. The firm has a market cap of C$3.35 billion, a P/E ratio of 67.11, a P/E/G ratio of 0.53 and a beta of 0.32. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$65.01. The stock’s 50 day simple moving average is C$50.56 and its 200 day simple moving average is C$37.25.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$783.37 million for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, equities research analysts predict that Bird Construction 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. Investors of record on Wednesday, May 20th were paid a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, April 30th. Bird Construction’s dividend payout ratio is presently 93.33%.

Bird Construction Company Profile

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.