ATB Cormark Capital Markets Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price boosted by stock analysts at ATB Cormark Capital Markets from C$87.00 to C$100.00 in a report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 32.21% from the stock’s previous close.

Several other analysts have also commented on the stock. Stifel Nicolaus increased their price target on shares of Bird Construction from C$100.00 to C$105.00 and gave the company a “buy” rating in a research report on Friday. National Bank Financial lifted their price objective on Bird Construction from C$92.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets upped their target price on Bird Construction from C$95.00 to C$100.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group cut Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 target price on the stock. in a report on Thursday, October 15th. Finally, Raymond James Financial raised their price target on Bird Construction from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Bird Construction has an average rating of “Moderate Buy” and a consensus target price of C$87.10.

Bird Construction Price Performance

Shares of BDT stock traded down C$1.01 during mid-day trading on Friday, reaching C$75.64. The stock had a trading volume of 307,526 shares, compared to its average volume of 309,215. The company has a market cap of C$4.19 billion, a P/E ratio of 70.69, a price-to-earnings-growth ratio of 0.53 and a beta of -0.01. 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 has a 12-month low of C$24.39 and a 12-month high of C$86.50. The business has a 50-day simple moving average of C$76.13 and a 200 day simple moving average of C$58.19.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$1.13 EPS for the quarter. The business had revenue of C$1.30 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. On average, sell-side analysts anticipate 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.