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

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$32.44.

A number of equities analysts have recently commented on the stock. Cibc World Mkts upgraded shares of Bird Construction to a "hold" rating in a report on Friday, August 9th. BMO Capital Markets upped their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus raised their price objective on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. CIBC cut their price objective on Bird Construction from C$31.00 to C$29.50 in a research note on Thursday, November 7th. Finally, ATB Capital increased their target price on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th.

Bird Construction Price Performance

BDT stock traded up C$0.15 during midday trading on Wednesday, reaching C$30.53. The company had a trading volume of 93,434 shares, compared to its average volume of 149,360. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 19.48, 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 has a 1-year low of C$11.64 and a 1-year high of C$32.67. The stock has a 50 day moving average price of C$27.95 and a 200-day moving average price of C$25.32.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts' consensus estimates of C$0.67 by C$0.02. The company had revenue of C$898.94 million during the quarter, compared to analysts' expectations 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 expect that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be given a dividend of $0.07 per share. This is a boost from Bird Construction's previous monthly dividend of $0.05. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.75%. Bird Construction's payout ratio is presently 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.