Bird Construction Inc. (TSE:BDT) Receives C$31.88 Consensus Target Price from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$31.88.

A number of research firms have recently commented on BDT. ATB Capital raised their price target on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus raised their target price on shares of Bird Construction from C$34.00 to C$37.00 in a report on Thursday, October 10th. TD Securities upped their price target on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. BMO Capital Markets raised their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, CIBC upped their target price on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th.

Bird Construction Stock Down 8.8 %

Shares of TSE:BDT opened at C$28.36 on Friday. The company has a 50 day moving average price of C$26.01 and a two-hundred day moving average price of C$24.32. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market capitalization of C$1.57 billion, a PE ratio of 19.93, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$11.00 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. Analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a yield of 2.96%. Bird Construction’s payout ratio is 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.