Bird Construction (TSE:BDT) PT Set at C$34.00 by Raymond James Financial

Bird Construction (TSE:BDT) has been assigned a C$34.00 target price by analysts at Raymond James Financial in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 14.63% from the company’s current price.

BDT has been the subject of a number of other research reports. TD Securities boosted their target price on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. BMO Capital Markets decreased their price target on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. National Bankshares increased their price objective on Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Stifel Nicolaus raised their target price on Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, CIBC lowered their price target on Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, Bird Construction has a consensus rating of “Buy” and a consensus target price of C$35.50.

Bird Construction Stock Down 0.8%

Shares of BDT stock traded down C$0.24 during trading hours on Tuesday, reaching C$29.66. 79,380 shares of the stock were exchanged, compared to its average volume of 196,863. The business’s fifty day moving average is C$27.99 and its two-hundred day moving average is C$28.18. The firm has a market capitalization of C$1.64 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.53 and a beta of 0.63. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$31.76. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, November 12th. The company reported C$0.57 EPS for the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. The company had revenue of C$951.43 million during the quarter. As a group, research analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Insider Buying and Selling at Bird Construction

In related news, insider Wayne Richard Gingrich purchased 1,100 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of C$25.26 per share, for a total transaction of C$27,786.00. Following the transaction, the insider directly owned 14,000 shares of the company’s stock, valued at approximately C$353,640. The trade was a 8.53% increase in their position. Insiders have bought a total of 8,300 shares of company stock worth $210,360 in the last three months. 3.03% of the stock is currently owned by corporate insiders.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.