Bird Construction (TSE:BDT) Share Price Passes Above 200-Day Moving Average – Here’s Why

Bird Construction Inc. (TSE:BDT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.81 and traded as high as C$71.45. Bird Construction shares last traded at C$70.08, with a volume of 206,191 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 8th. Jefferies Financial Group raised their price target on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Canaccord Genuity Group lifted their price objective on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted 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. Finally, BMO Capital Markets increased their target price on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bird Construction presently has a consensus rating of “Buy” and an average price target of C$62.60.

Bird Construction Trading Down 0.2%

The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The company’s 50-day moving average is C$65.19 and its 200-day moving average is C$48.81. The stock has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 77.87, a PEG ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. The company had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. Research analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be given a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Bird Construction’s payout ratio is currently 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.