Bird Construction (TSE:BDT) Price Target Raised to C$87.00

Bird Construction (TSE:BDT) had its price target upped by Canadian Imperial Bank of Commerce from C$83.00 to C$87.00 in a research note published on Thursday,BayStreet reports.

Several other research analysts also recently commented on BDT. Canaccord Genuity Group downgraded Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price objective on the stock. in a report on Thursday, October 15th. Stifel Nicolaus raised their price target on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. National Bank Financial lifted their price target on Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets boosted their price objective on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, BMO Capital Markets boosted their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$76.00.

Bird Construction Stock Performance

TSE:BDT opened at C$68.01 on Thursday. The company has a market capitalization of C$3.77 billion, a PE ratio of 63.56, a P/E/G ratio of 0.53 and a beta of 0.14. The company has a debt-to-equity ratio of 93.81, a quick ratio of 1.20 and a current ratio of 1.32. The company has a 50 day simple moving average of C$75.18 and a two-hundred day simple moving average of C$56.27. Bird Construction has a fifty-two week low of C$23.56 and a fifty-two week high of C$86.50.

Bird Construction (TSE:BDT) last announced its quarterly earnings data 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 return on equity of 13.41% and a net margin of 1.63%. Research analysts anticipate that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 30th. Bird Construction’s dividend payout ratio (DPR) is currently 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.