CIBC Lowers Bird Construction (TSE:BDT) Price Target to C$29.50

Bird Construction (TSE:BDT) had its target price dropped by research analysts at CIBC from C$31.00 to C$29.50 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 1.44% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Cibc World Mkts raised Bird Construction to a “hold” rating in a research report on Friday, August 9th. TD Securities boosted their price target on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. ATB Capital increased their price objective on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James boosted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

Bird Construction Trading Down 1.6 %

TSE BDT opened at C$29.08 on Thursday. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The stock’s 50 day moving average price is C$26.35 and its two-hundred day moving average price is C$24.50. The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.