Brokerages Set Bird Construction Inc. (TSE:BDT) Target Price at C$62.60

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average rating of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$62.60.

BDT has been the topic of a number of analyst reports. Jefferies Financial Group raised their price target on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce increased their price objective on Bird Construction from C$65.00 to C$71.00 and gave the company an “outperformer” rating in a report on Wednesday, July 8th. National Bank Financial increased their price objective on Bird Construction from C$57.00 to C$72.00 and gave the company an “outperform” rating in a report on Monday, July 13th. 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 note on Friday, May 15th. Finally, BMO Capital Markets upped their price target on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th.

Bird Construction Trading Down 0.1%

TSE BDT opened at C$70.77 on Monday. The firm’s 50-day moving average is C$63.72 and its two-hundred day moving average is C$46.56. Bird Construction has a 12 month low of C$22.40 and a 12 month high of C$78.64. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market capitalization of C$3.92 billion, a P/E ratio of 78.63, a PEG ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The company had revenue of C$783.37 million for the quarter. On average, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) 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.