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

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$32.67.

Several equities research analysts have recently weighed in on the company. CIBC reduced their price target on Bird Construction from C$36.00 to C$31.00 in a report on Friday, March 14th. National Bankshares cut their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Friday, March 14th. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. Stifel Nicolaus cut their price target on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, TD Securities reduced their price target on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th.

Bird Construction Stock Performance

Shares of TSE:BDT opened at C$21.77 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 12 month low of C$17.89 and a 12 month high of C$32.67. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.53 and a beta of 1.05. The firm’s 50-day moving average is C$22.69 and its 200 day moving average is C$25.59.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.86%. Bird Construction’s dividend payout ratio is currently 50.87%.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.