Bird Construction (TSE:BDT) Given New C$34.00 Price Target at CIBC

Bird Construction (TSE:BDT) had its price target increased by CIBC from C$29.50 to C$34.00 in a research report report published on Friday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the company. Raymond James lifted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus boosted their price objective on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. ATB Capital increased their target price on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares boosted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Finally, TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Bird Construction Stock Performance

Shares of TSE BDT opened at C$27.55 on Friday. Bird Construction has a 12 month low of C$13.25 and a 12 month high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.53 and a beta of 1.05. The company has a 50 day simple moving average of C$29.59 and a two-hundred day simple moving average of C$26.09.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. As a group, analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.05%. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s dividend payout ratio is 53.85%.

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.