Bird Construction Inc. (TSE:BDT) Receives C$31.88 Consensus Target Price from Analysts

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

BDT has been the topic of several research analyst reports. ATB Capital increased their target price on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$34.00 to C$37.00 in a report on Thursday, October 10th. Raymond James raised their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research note on Friday, August 9th. Finally, CIBC boosted their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th.

Bird Construction Stock Down 8.8 %

BDT opened at C$28.36 on Friday. The firm has a market cap of C$1.57 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The firm’s 50-day simple moving average is C$26.01 and its 200-day simple moving average is C$24.32. Bird Construction has a twelve month low of C$11.00 and a twelve month high of C$32.67.

Bird Construction (TSE:BDT) last announced its earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.02. The business had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Equities research analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a $0.07 dividend. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, November 29th. Bird Construction’s dividend payout ratio (DPR) 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.