Raymond James Financial Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price hoisted by stock analysts at Raymond James Financial from C$44.00 to C$54.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price target points to a potential upside of 9.53% from the company’s current price.

A number of other analysts have also recently commented on BDT. ATB Cormark Capital Markets boosted their target price on shares of Bird Construction from C$38.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Canadian Imperial Bank of Commerce boosted their target price on shares of Bird Construction from C$40.00 to C$52.00 in a research note on Thursday, April 9th. Canaccord Genuity Group boosted their target price on shares of Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Jefferies Financial Group boosted their target price on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday. Finally, TD Securities boosted their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$52.90.

Bird Construction Price Performance

Shares of BDT stock traded up C$0.25 on Wednesday, reaching C$49.30. 273,945 shares of the company were exchanged, compared to its average volume of 259,663. The company has a market cap of C$2.73 billion, a price-to-earnings ratio of 57.33, a P/E/G ratio of 0.53 and a beta of 0.14. The business has a 50-day moving average price of C$38.45 and a 200 day moving average price of C$32.32. 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 1 year low of C$20.71 and a 1 year high of C$50.35.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. Equities research analysts forecast 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.