Bird Construction (TSE:BDT) Price Target Raised to C$34.00

Bird Construction (TSE:BDT) had its price target raised by CIBC from C$29.50 to C$34.00 in a report issued on Friday,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. National Bankshares raised their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. BMO Capital Markets lifted their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. ATB Capital increased their price target on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James lifted their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, Stifel Nicolaus increased their target price on shares of Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$33.00.

Bird Construction Stock Up 1.6 %

Shares of TSE BDT opened at C$27.55 on Friday. The company has a market cap of C$1.53 billion, a P/E ratio of 17.66, a PEG ratio of 0.53 and a beta of 1.05. The firm has a 50-day simple moving average of C$29.59 and a two-hundred day simple moving average of C$26.09. Bird Construction has a 1 year low of C$13.25 and a 1 year high of C$32.67. 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 issued its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The firm had revenue of C$898.94 million during 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%. Research analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a yield of 3.05%. Bird Construction’s payout ratio is currently 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.