Raymond James Financial Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price hoisted by Raymond James Financial from C$90.00 to C$95.00 in a research note issued on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price target would suggest a potential upside of 22.45% from the company’s previous close.

Several other research analysts have also weighed in on BDT. Canadian Imperial Bank of Commerce raised their price objective on shares of Bird Construction from C$83.00 to C$87.00 in a report on Thursday, October 29th. Canaccord Genuity Group lowered shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price on the stock. in a research note on Thursday, October 15th. BMO Capital Markets increased their price target on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Stifel Nicolaus lifted their price target on 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. Finally, 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 report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$81.00.

Bird Construction Stock Up 0.9%

Shares of BDT stock traded up C$0.69 during mid-day trading on Thursday, reaching C$77.58. 361,206 shares of the company were exchanged, compared to its average volume of 308,544. Bird Construction has a fifty-two week low of C$23.56 and a fifty-two week high of C$86.50. 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 market capitalization of C$4.30 billion, a P/E ratio of 72.50, a P/E/G ratio of 0.53 and a beta of -0.01. The business’s 50 day simple moving average is C$75.93 and its 200 day simple moving average is C$57.96.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$1.30 billion during the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. Research analysts predict that Bird Construction will post 2.76 earnings per share for the current 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.