Bird Construction (TSE:BDT) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Bird Construction Inc. (TSE:BDT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$23.69 and traded as high as C$31.38. Bird Construction shares last traded at C$30.77, with a volume of 118,579 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. National Bankshares upped their price objective on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a report on Friday, August 9th. TD Securities increased their price target on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Raymond James increased their price target on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, Stifel Nicolaus increased their price target on Bird Construction from C$34.00 to C$37.00 in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.88.

Bird Construction Stock Performance

The company has a 50 day moving average price of C$25.11 and a 200-day moving average price of C$23.69. 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 company has a market cap of C$1.70 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, beating the consensus estimate of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$873.54 million for the quarter, compared to the consensus estimate of C$772.65 million. On average, equities analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction’s payout ratio is presently 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.