Bird Construction Inc. (TSE:BDT) Receives C$33.00 Average PT from Brokerages

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$33.00.

Several brokerages recently commented on BDT. CIBC lifted their price objective on Bird Construction from C$29.50 to C$34.00 in a report on Friday, December 13th. BMO Capital Markets boosted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. ATB Capital boosted their target price on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Finally, Raymond James increased their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th.

Bird Construction Stock Performance

Shares of TSE BDT opened at C$26.28 on Friday. The firm’s 50-day moving average price is C$29.29 and its 200-day moving average price is C$26.32. Bird Construction has a 52-week low of C$13.25 and a 52-week high of C$32.67. The company has a market cap of C$1.46 billion, a PE ratio of 16.85, a PEG ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40.

Bird Construction (TSE:BDT) last issued its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.67 by C$0.02. The company had revenue of C$898.94 million for 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%. As a group, analysts anticipate that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.07 dividend. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, November 29th. Bird Construction’s dividend payout ratio is presently 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.