Bird Construction (TSE:BDT) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Bird Construction Inc. (TSE:BDT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$56.69 and traded as high as C$73.78. Bird Construction shares last traded at C$73.34, with a volume of 266,881 shares.

Analyst Upgrades and Downgrades

BDT has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets lifted their price objective on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a report on Friday, August 14th. National Bank Financial upped their price objective on Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, BMO Capital Markets increased their target price on Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$75.60.

Bird Construction Trading Up 3.2%

The firm has a market cap of C$4.32 billion, a P/E ratio of 72.82, a price-to-earnings-growth ratio of 0.53 and a beta of 0.48. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The company’s fifty day moving average price is C$69.88 and its two-hundred day moving average price is C$56.99.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. The firm had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, sell-side analysts predict that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 29th. Bird Construction’s payout ratio is presently 78.50%.

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.