Bird Construction (TSE:BDT) PT Raised to C$34.00 at Stifel Nicolaus

Bird Construction (TSE:BDT - Free Report) had its price target upped by Stifel Nicolaus from C$31.00 to C$34.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

A number of other research analysts also recently commented on the company. Cibc World Mkts raised Bird Construction to a hold rating in a report on Friday, August 9th. CIBC lifted their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. TD Securities boosted their target price on shares of Bird Construction from C$30.00 to C$31.00 and gave the company a buy rating in a research note on Tuesday, August 13th. National Bankshares raised their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a sector perform rating in a research report on Tuesday, June 11th. Finally, ATB Capital lifted their price target on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Bird Construction currently has an average rating of Moderate Buy and a consensus target price of C$28.13.

Bird Construction Stock Up 3.5 %

BDT traded up C$0.88 during trading on Friday, hitting C$25.85. The company had a trading volume of 122,145 shares, compared to its average volume of 142,635. Bird Construction has a 1-year low of C$10.02 and a 1-year high of C$27.30. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market cap of C$1.43 billion, a PE ratio of 16.46, a P/E/G ratio of 0.53 and a beta of 1.05. The business has a 50-day moving average of C$23.44 and a 200-day moving average of C$22.51.

Bird Construction (TSE:BDT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. As a group, analysts forecast that Bird Construction will post 2.6193248 earnings per share for the current year.

Bird Construction Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be given a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction's dividend payout ratio (DPR) is 35.90%.

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.