Bird Construction Inc. (TSE:BDT) Receives Consensus Rating of “Buy” from Brokerages

Bird Construction Inc. (TSE:BDT) has been given an average recommendation of “Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$39.13.

Several research firms have issued reports on BDT. Canaccord Genuity Group raised their price target on shares of Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday. ATB Cormark Capital Markets increased their price objective on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James Financial lifted their target price on shares of Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities boosted their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a report on Monday. Finally, National Bank Financial upped their price target on shares of Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday.

Bird Construction Trading Up 4.3%

Shares of BDT stock opened at C$35.56 on Tuesday. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$35.73. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66. The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.53 and a beta of 0.68. The stock has a 50-day moving average of C$31.06 and a 200-day moving average of C$29.22.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The company had revenue of C$877.01 million for the quarter. On average, equities research analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

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.