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

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$33.00.

A number of brokerages recently commented on BDT. TD Securities raised their price target on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. BMO Capital Markets lifted their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares increased their target price on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Stifel Nicolaus lifted their price target on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. Finally, Raymond James increased their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th.

Bird Construction Trading Down 0.0 %

Shares of BDT stock opened at C$22.92 on Thursday. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The business has a 50-day moving average of C$27.74 and a 200 day moving average of C$26.34. The stock has a market capitalization of C$1.27 billion, a PE ratio of 14.69, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$14.10 and a 1-year high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 20th will be given a $0.07 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.84 annualized dividend and a yield of 3.66%. Bird Construction’s payout ratio is 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.