Bird Construction Inc. (TSE:BDT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bird Construction Inc. (TSE:BDT) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$31.88.

A number of analysts have recently commented on BDT shares. CIBC upped their price target on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. BMO Capital Markets lifted their price target on shares of Bird Construction from C$30.00 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. Stifel Nicolaus lifted their target price on Bird Construction from C$34.00 to C$37.00 in a report on Thursday, October 10th. Finally, Cibc World Mkts raised Bird Construction to a “hold” rating in a research note on Friday, August 9th.

Bird Construction Price Performance

Shares of BDT stock opened at C$30.94 on Friday. 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 firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.53 and a beta of 1.05. The firm’s 50 day moving average is C$25.72 and its 200-day moving average is C$24.10. Bird Construction has a 1 year low of C$10.72 and a 1 year high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Sell-side analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction’s payout ratio is currently 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.