Bird Construction (TSE:BDT) Price Target Raised to C$57.00

Bird Construction (TSE:BDT) had its price target boosted by equities research analysts at ATB Cormark Capital Markets from C$48.00 to C$57.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential downside of 1.08% from the company’s current price.

A number of other analysts also recently issued reports on BDT. Raymond James Financial lifted their price objective on Bird Construction from C$44.00 to C$54.00 in a research note on Wednesday, April 29th. National Bank Financial lifted their price objective on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. BMO Capital Markets raised Bird Construction from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$55.00 to C$60.00 in a research note on Friday. TD Securities lifted their price objective on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group lifted their target price on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$56.40.

Bird Construction Price Performance

TSE:BDT traded up C$6.53 during trading hours on Friday, reaching C$57.62. The stock had a trading volume of 443,309 shares, compared to its average volume of 271,511. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. Bird Construction has a 52 week low of C$22.40 and a 52 week high of C$58.22. The company has a 50 day moving average price of C$42.49 and a two-hundred day moving average price of C$33.89. The stock has a market capitalization of C$3.19 billion, a PE ratio of 67.00, a PEG ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The business had revenue of C$877.01 million for the quarter. As a group, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.