Bird Construction Inc. (TSE:BDT) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$28.13.

A number of research firms have recently issued reports on BDT. CIBC raised their price objective on Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. BMO Capital Markets lifted their price target on Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. ATB Capital increased their price objective on Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. Cibc World Mkts raised shares of Bird Construction to a "hold" rating in a research report on Friday, August 9th. Finally, TD Securities upped their price target on shares of Bird Construction from C$30.00 to C$31.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th.

Bird Construction Stock Up 1.4 %

Shares of TSE:BDT opened at C$26.20 on Tuesday. Bird Construction has a 12 month low of C$10.06 and a 12 month high of C$27.30. The company's 50-day moving average price is C$23.45 and its two-hundred day moving average price is C$22.65. The firm has a market cap of C$1.45 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.53 and a beta of 1.05. 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 announced its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, topping analysts' consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, research analysts forecast that Bird Construction will post 2.5901804 EPS for the current fiscal year.

Bird Construction Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, October 31st. Bird Construction's dividend payout ratio (DPR) is presently 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.