Bird Construction Inc. (TSE:BDT) Receives C$20.06 Average Price Target from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$20.06.

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. National Bank Financial cut Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, January 3rd. TD Securities raised their target price on Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Raymond James raised their target price on Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, ATB Capital raised their target price on Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

Bird Construction Price Performance

Bird Construction stock opened at C$18.19 on Tuesday. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. Bird Construction has a one year low of C$8.01 and a one year high of C$19.40. The firm has a market capitalization of C$980.26 million, a P/E ratio of 13.68, a PEG ratio of 0.53 and a beta of 1.21. The business has a fifty day moving average price of C$17.95 and a 200-day moving average price of C$14.57.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The company had revenue of C$792.07 million for the quarter, compared to the consensus estimate of C$722.63 million. As a group, equities research analysts forecast that Bird Construction will post 1.7851782 EPS for the current year.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 17th will be given a $0.0467 dividend. This is a boost from Bird Construction’s previous monthly dividend of $0.04. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Monday, April 29th. Bird Construction’s payout ratio is currently 42.11%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.