Bird Construction (TSE:BDT) Sets New 12-Month High – What’s Next?

Bird Construction Inc. (TSE:BDT) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$32.10 and last traded at C$31.94, with a volume of 62082 shares changing hands. The stock had previously closed at C$31.32.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Securities upped their price target on Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Raymond James Financial set a C$34.00 target price on Bird Construction and gave the company an “outperform” rating in a report on Tuesday, January 20th. ATB Cormark Capital Markets raised their price target on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. BMO Capital Markets lowered their price objective on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$35.50.

Bird Construction Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock has a market cap of C$1.79 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The firm’s 50-day moving average is C$29.95 and its two-hundred day moving average is C$28.44.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, November 12th. The company reported C$0.57 EPS for the quarter. The company had revenue of C$951.43 million during the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. As a group, research analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. Bird Construction’s payout ratio is currently 48.04%.

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.