Stifel Nicolaus Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its price target increased by investment analysts at Stifel Nicolaus from C$36.00 to C$55.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 61.81% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce cut their price target on Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. ATB Cormark Capital Markets raised their target price on shares of Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets cut their target price on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. National Bank Financial increased their price target on shares of Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$39.88.

Bird Construction Price Performance

Shares of TSE BDT traded up C$1.15 during midday trading on Friday, hitting C$33.99. The company had a trading volume of 396,926 shares, compared to its average volume of 229,563. The business has a 50-day simple moving average of C$30.83 and a two-hundred day simple moving average of C$28.96. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$34.75. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 75.72. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million for the quarter. Bird Construction had a return on equity of 21.42% and a net margin of 2.72%. Equities research analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

About Bird Construction

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.