Bird Construction (TSE:BDT) Reaches New 12-Month High – Here’s Why

Bird Construction Inc. (TSE:BDT)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$77.95 and last traded at C$77.88, with a volume of 231677 shares trading hands. The stock had previously closed at C$75.50.

Analysts Set New Price Targets

Several equities analysts have commented on BDT shares. Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a research report on Friday, August 14th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets upped their target price on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. BMO Capital Markets increased their price target on shares of Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Bird Construction from C$71.00 to C$83.00 in a research report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$75.60.

Bird Construction Stock Down 0.1%

The company has a market cap of C$4.31 billion, a PE ratio of 72.78, a price-to-earnings-growth ratio of 0.53 and a beta of 0.48. The company has a fifty day moving average of C$70.29 and a two-hundred day moving average of C$57.46. The company has a debt-to-equity ratio of 93.81, a quick ratio of 1.20 and a current ratio of 1.32.

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

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 29th. Bird Construction’s dividend payout ratio (DPR) is 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.