Bird Construction (TSE:BDT) Given New C$36.00 Price Target at CIBC

Bird Construction (TSE:BDT) had its target price lifted by CIBC from C$34.00 to C$36.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other research firms have also commented on BDT. Stifel Nicolaus boosted their price objective on Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. National Bankshares boosted their price objective on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. ATB Capital boosted their price objective on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. BMO Capital Markets boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, TD Securities boosted their price objective on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Bird Construction currently has an average rating of “Moderate Buy” and an average target price of C$33.25.

Bird Construction Stock Performance

Shares of TSE:BDT opened at C$23.25 on Monday. The business’s fifty day moving average price is C$26.19 and its two-hundred day moving average price is C$26.08. Bird Construction has a fifty-two week low of C$15.08 and a fifty-two week high of C$32.67. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating 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 firm had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. As a group, analysts predict that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, January 31st. Bird Construction’s dividend payout ratio (DPR) 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.