Bird Construction (TSE:BDT) Price Target Raised to C$36.00 at CIBC

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

Several other research analysts also recently commented on BDT. Raymond James lifted their target price on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Stifel Nicolaus upped their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. ATB Capital lifted their target price on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Finally, TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$33.25.

Bird Construction Stock Performance

Shares of BDT traded up C$0.51 during trading hours on Monday, hitting C$24.66. The company had a trading volume of 169,156 shares, compared to its average volume of 236,904. Bird Construction has a 12 month low of C$15.11 and a 12 month high of C$32.67. The firm has a market cap of C$1.37 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.53 and a beta of 1.05. The business has a fifty day moving average of C$25.93 and a 200-day moving average of C$26.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40.

Bird Construction (TSE:BDT - Get Free Report) last issued 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. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$898.94 million for the quarter, compared to analysts' expectations of C$961.37 million. Equities analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, February 28th. Bird Construction's payout ratio 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.