Bird Construction Inc. (TSE:BDT) Receives C$75.60 Average Target Price from Brokerages

Bird Construction Inc. (TSE:BDT) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$75.60.

A number of equities research analysts have commented on the company. ATB Cormark Capital Markets increased their price target on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Raymond James Financial boosted their price target on Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. BMO Capital Markets increased their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. National Bank Financial lifted their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Bird Construction from C$71.00 to C$83.00 in a research report on Friday, August 14th.

Bird Construction Price Performance

Shares of BDT opened at C$72.57 on Tuesday. The company has a market cap of C$4.02 billion, a price-to-earnings ratio of 67.82, a price-to-earnings-growth ratio of 0.53 and a beta of 0.48. Bird Construction has a twelve month low of C$23.56 and a twelve month high of C$78.64. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The company has a 50 day moving average of C$69.27 and a two-hundred day moving average of C$55.82.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%.The business had revenue of C$1.04 billion for the quarter. As a group, analysts predict that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 20th were given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 31st. Bird Construction’s dividend payout ratio is presently 78.50%.

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.