Bird Construction (TSE:BDT) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Bird Construction (TSE:BDT) from a buy rating to a hold rating in a research note published on Thursday, MarketBeat.com reports. They currently have C$83.00 price objective on the stock.

BDT has been the subject of a number of other reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. Stifel Nicolaus boosted their price objective on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets upped their price objective on Bird Construction from C$57.00 to C$87.00 and gave the stock an “outperform” rating in a research note 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 stock an “outperform” rating in a research note on Friday, August 14th. Finally, BMO Capital Markets lifted their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$75.60.

Bird Construction Trading Down 0.1%

TSE BDT opened at C$77.11 on Thursday. Bird Construction has a 12 month low of C$23.56 and a 12 month high of C$86.50. The stock’s fifty day moving average price is C$74.58 and its 200-day moving average price is C$64.00. The stock has a market cap of C$4.27 billion, a P/E ratio of 72.07, a P/E/G ratio of 0.53 and a beta of 0.14. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. The business had revenue of C$1.04 billion during the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, equities analysts forecast that Bird Construction will post 2.76 EPS for the current fiscal year.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, October 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.1%. Bird Construction’s payout ratio is 78.50%.

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.