Bird Construction (TSE:BDT) Price Target Raised to C$38.00

Bird Construction (TSE:BDT) had its target price increased by Stifel Nicolaus from C$37.00 to C$38.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research firms have also recently commented on BDT. CIBC raised their target price on Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. Raymond James raised their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. BMO Capital Markets upped their target price on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. TD Securities lifted their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Finally, Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$32.44.

Bird Construction Stock Down 1.6 %

Shares of BDT stock opened at C$29.08 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. Bird Construction has a twelve month low of C$11.41 and a twelve month high of C$32.67. The stock has a 50 day moving average of C$26.35 and a 200 day moving average of C$24.50. The stock has a market cap of C$1.61 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The firm had revenue of C$898.94 million during the quarter, compared to analyst estimates of C$961.37 million. As a group, sell-side analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a $0.07 dividend. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s dividend payout ratio is currently 53.85%.

About Bird Construction

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.