Analysts Set Bird Construction Inc. (TSE:BDT) PT at C$33.00

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, 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 12-month price objective among brokerages that have issued a report on the stock in the last year is C$33.00.

BDT has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. ATB Capital boosted their price target on shares of Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. BMO Capital Markets lifted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares upped their target price on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Finally, Raymond James boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th.

Bird Construction Stock Up 0.3 %

Bird Construction stock traded up C$0.09 during midday trading on Friday, reaching C$26.02. The stock had a trading volume of 187,174 shares, compared to its average volume of 148,600. The company has a fifty day moving average price of C$29.52 and a two-hundred day moving average price of C$26.26. Bird Construction has a 12 month low of C$13.25 and a 12 month high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The company has a market capitalization of C$1.44 billion, a P/E ratio of 16.68, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million. As a group, equities analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, November 29th. This is an increase from Bird Construction's previous monthly dividend of $0.05. Bird Construction's dividend payout ratio (DPR) is 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.