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

Bird Construction Inc. (TSE:BDT) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$27.75.

A number of analysts recently issued reports on the company. CIBC boosted their price objective on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$30.00 to C$31.00 in a research note on Friday, August 9th. TD Securities boosted their target price on Bird Construction from C$30.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, National Bankshares upped their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Tuesday, June 11th.

Bird Construction Trading Down 0.6 %

TSE BDT opened at C$22.20 on Friday. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$9.95 and a one year high of C$27.30. The business’s fifty day moving average is C$24.24 and its 200-day moving average is C$21.99.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million for the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Equities research analysts predict that Bird Construction will post 2.6178195 EPS for the current year.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 2.54%. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s payout ratio is presently 35.90%.

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.