Bird Construction Inc. (TSE:BDT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$26.78.

BDT has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Stifel Nicolaus upped their target price on shares of Bird Construction from C$25.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. ATB Capital lifted their price target on shares of Bird Construction from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. CIBC raised their price target on Bird Construction from C$22.00 to C$25.20 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, Raymond James boosted their target price on Bird Construction from C$20.50 to C$25.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th.

Bird Construction Stock Up 1.0 %

Shares of Bird Construction stock opened at C$26.82 on Friday. The stock has a 50 day moving average price of C$22.22 and a two-hundred day moving average price of C$18.48. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. Bird Construction has a 12-month low of C$8.13 and a 12-month high of C$27.30. The stock has a market capitalization of C$1.45 billion, a P/E ratio of 20.17, a PEG ratio of 0.53 and a beta of 1.22.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.03. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The company had revenue of C$688.20 million for the quarter, compared to analyst estimates of C$594.63 million. Equities analysts expect that Bird Construction will post 1.8404534 earnings per share for the current year.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $0.047 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 annualized dividend and a dividend yield of 2.10%. Bird Construction’s dividend payout ratio (DPR) is currently 42.11%.

Bird Construction Company Profile

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.