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

Bird Construction (TSE:BDT) had its target price increased by equities researchers at Stifel Nicolaus from C$85.00 to C$87.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 17.16% from the stock’s current price.

Several other analysts have also recently weighed in on BDT. Raymond James Financial increased their price target on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce upped their price objective on Bird Construction from C$71.00 to C$83.00 in a report on Friday. BMO Capital Markets increased their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday. ATB Cormark Capital Markets raised their target price 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, Jefferies Financial Group lifted their target price on Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$75.60.

Bird Construction Trading Up 3.3%

TSE BDT traded up C$2.38 on Friday, reaching C$74.26. 407,577 shares of the company were exchanged, compared to its average volume of 278,381. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. The business’s fifty day moving average price is C$65.99 and its 200 day moving average price is C$50.38. The stock has a market capitalization of C$4.11 billion, a P/E ratio of 82.51, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$78.64.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The business had revenue of C$1.04 billion for the quarter. Analysts forecast that Bird Construction will post 2.7598533 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.