Bird Construction Inc. (TSE:BDT) Receives C$31.88 Average PT from Analysts

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$31.88.

A number of equities research analysts have recently commented on BDT shares. Raymond James increased their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC increased their target price on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. Cibc World Mkts upgraded Bird Construction to a "hold" rating in a report on Friday, August 9th. ATB Capital increased their target price on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets increased their price objective on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th.

Bird Construction Price Performance

Shares of TSE:BDT traded up C$0.63 on Friday, reaching C$30.94. 80,000 shares of the company traded hands, compared to its average volume of 143,860. Bird Construction has a fifty-two week low of C$10.72 and a fifty-two week high of C$32.67. The company's 50 day moving average is C$25.72 and its 200-day moving average is C$24.10. The stock has a market capitalization of C$1.71 billion, a PE ratio of 19.83, a P/E/G 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 (TSE:BDT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating analysts' consensus estimates of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. As a group, analysts anticipate that Bird Construction will post 2.7598533 earnings per share 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. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, October 31st. 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.