Bird Construction (TSE:BDT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Bird Construction (TSE:BDT) had its price objective upped by equities researchers at BMO Capital Markets from C$75.00 to C$85.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 17.39% from the stock’s current price.

Other research analysts also recently issued research reports about the company. TD lifted their price target on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. Canaccord Genuity Group raised their target price on shares of Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their target price on shares of Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 8th. Finally, ATB Cormark Capital Markets upped their price target on shares of Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$64.10.

Bird Construction Price Performance

BDT stock traded up C$7.91 during midday trading on Thursday, hitting C$72.41. 491,506 shares of the stock were exchanged, compared to its average volume of 276,726. The stock’s 50-day moving average price is C$65.84 and its 200-day moving average price is C$50.08. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of C$4.01 billion, a price-to-earnings ratio of 80.46, a PEG ratio of 0.53 and a beta of 0.34. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$78.64.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$1.04 billion for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. Research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

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.