CIBC Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT - Get Free Report) had its target price raised by research analysts at CIBC from C$29.50 to C$34.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price target points to a potential upside of 23.41% from the stock's previous close.

Several other research firms also recently commented on BDT. BMO Capital Markets lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. National Bankshares lifted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Stifel Nicolaus lifted their target price on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. Finally, ATB Capital lifted their target price on shares of Bird Construction from C$33.00 to C$35.00 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$33.00.

Bird Construction Price Performance

Shares of BDT stock traded up C$0.43 during trading hours on Friday, hitting C$27.55. 113,734 shares of the company's stock were exchanged, compared to its average volume of 148,450. The company has a market capitalization of C$1.53 billion, a PE ratio of 17.66, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 12-month low of C$13.25 and a 12-month high of C$32.67. The business's 50 day simple moving average is C$29.59 and its 200-day simple moving average is C$26.09. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40.

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 the consensus estimate of C$0.67 by C$0.02. The firm had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, equities research analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

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.