Bird Construction (TSE:BDT) Sets New 52-Week Low – Time to Sell?

Bird Construction Inc. (TSE:BDT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$17.52 and last traded at C$18.20, with a volume of 42669 shares traded. The stock had previously closed at C$18.98.

Analysts Set New Price Targets

BDT has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Cibc World Mkts raised Bird Construction from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. National Bankshares reduced their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. CIBC decreased their target price on Bird Construction from C$36.00 to C$31.00 in a research report on Friday, March 14th. Finally, TD Securities dropped their target price on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$32.67.

Bird Construction Stock Performance

The firm has a market capitalization of C$1.14 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a 50-day moving average of C$22.04 and a 200-day moving average of C$25.47. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Wednesday, April 30th. Bird Construction’s dividend payout ratio is currently 50.87%.

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.