Bird Construction (TSE:BDT) Hits New 1-Year High – Here’s Why

Bird Construction Inc. (TSE:BDT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$65.86 and last traded at C$65.30, with a volume of 60615 shares. The stock had previously closed at C$64.51.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Raymond James Financial boosted 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 report on Friday, May 15th. Canaccord Genuity Group increased their price objective on Bird Construction from C$50.00 to C$62.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. TD lifted their price objective on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. ATB Cormark Capital Markets boosted their target price on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group upped their target price on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bird Construction has an average rating of “Buy” and an average price target of C$60.10.

Bird Construction Stock Performance

The firm has a market cap of C$3.70 billion, a PE ratio of 74.17, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a 50 day simple moving average of C$58.58 and a 200-day simple moving average of C$42.75. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$783.37 million during the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. As a group, equities research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.3%. Bird Construction’s payout ratio is currently 93.33%.

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.