Bird Construction (TSE:BDT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Bird Construction (TSE:BDT) had its target price increased by stock analysts at Stifel Nicolaus from C$37.00 to C$38.00 in a research note issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 30.67% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. CIBC raised their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. National Bankshares raised their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. ATB Capital lifted their target price on shares of Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. Finally, Raymond James lifted their price objective on Bird Construction from C$30.00 to C$35.00 in a research 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. According to data from MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and an average price target of C$32.44.

Bird Construction Trading Down 1.6 %

TSE:BDT opened at C$29.08 on Thursday. The stock has a fifty day moving average price of C$26.35 and a 200 day moving average price of C$24.50. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. Bird Construction has a 12-month low of C$11.41 and a 12-month high of C$32.67. The firm has a market cap of C$1.61 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last announced 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 return on equity of 26.97% and a net margin of 2.68%. The business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million. Sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.