Bird Construction (TSE:BDT) Sets New 52-Week High – What’s Next?

Bird Construction Inc. (TSE:BDT) hit a new 52-week high on Friday. The stock traded as high as C$86.50 and last traded at C$85.35, with a volume of 36326 shares changing hands. The stock had previously closed at C$83.89.

Analysts Set New Price Targets

A number of brokerages have issued reports on BDT. Canadian Imperial Bank of Commerce raised their price objective on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. ATB Cormark Capital Markets upped their target price on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group increased their price target on Bird Construction from C$62.00 to C$83.00 in a research note on Friday, August 14th. Stifel Nicolaus raised their price target on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research report 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 note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction currently has a consensus rating of “Buy” and an average target price of C$75.60.

Bird Construction Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The stock has a market cap of C$4.69 billion, a price-to-earnings ratio of 79.07, a PEG ratio of 0.53 and a beta of 0.48. The stock’s fifty day moving average is C$71.67 and its 200-day moving average is C$60.73.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. The company had revenue of C$1.04 billion for the quarter. On average, analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 20th will be given a $0.07 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.0%. Bird Construction’s payout ratio is currently 78.50%.

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.