ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Bird Construction (TSE:BDT) Stock

Bird Construction (TSE:BDT) had its price target boosted by ATB Cormark Capital Markets from C$35.00 to C$38.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 11.50% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. National Bank Financial increased their price objective on shares of Bird Construction from C$34.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce lowered their target price on Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. Finally, BMO Capital Markets dropped their price target on Bird Construction from C$37.00 to C$34.00 in a research note on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$38.13.

Bird Construction Price Performance

Shares of BDT opened at C$34.08 on Friday. The stock has a 50 day simple moving average of C$30.93 and a 200 day simple moving average of C$29.08. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$34.75. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. The firm has a market capitalization of C$1.89 billion, a PE ratio of 20.05, a P/E/G ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The firm had revenue of C$877.01 million for the quarter. Sell-side analysts predict that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction News Roundup

Here are the key news stories impacting Bird Construction this week:

• Positive Sentiment: Company reported a combined $11 billion backlog and pending backlog, giving multi‑year revenue visibility and reducing near‑term revenue volatility — a key reason investors are bidding the stock up. Bird Reports 2025 Fourth Quarter Results; $11 Billion Combined Backlog and Pending Backlog
• Positive Sentiment: Coverage highlighting the Fraser River deal and record backlog frames these wins as reshaping Bird’s investment case — the deal adds scale to the pipeline and supports higher utilization. Should Bird’s Record Backlog and Fraser River Deal Reshape the Investment Case for Bird (TSX:BDT)?
• Positive Sentiment: Q4 results: EPS C$0.57, revenue C$877M, ROE ~21.4% — the quarter and supporting slide deck reinforced execution and margins, helping justify analyst upgrades. Q4 press release / slide deck
• Positive Sentiment: Multiple broker upgrades and higher price targets: Stifel raised its PT to C$55 (buy), Raymond James to C$44 (outperform) and several others raised targets — these re‑ratings increase upside in sell‑side models and likely boosted buyer interest. Analyst price target updates (BayStreet)
• Neutral Sentiment: Analysis noting a shifting narrative toward tighter targets and higher stakes: management discipline can lift valuation but raises execution risk if delivery slips — monitor guidance and margin trends. Why The Narrative Around Bird Construction (TSX:BDT) Is Shifting With Tighter Targets And Higher Stakes
• Neutral Sentiment: Valuation pieces assessing the stock after Ontario All‑Weather Road acceleration suggest upside is sensitive to project timing and margin assumptions — valuation now reflects higher backlog but hinges on execution. Assessing Bird Construction (TSX:BDT) Valuation After Ontario All‑Weather Road Acceleration News

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.