TD Securities Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price target lifted by TD Securities from C$31.00 to C$44.00 in a research note released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

BDT has been the subject of a number of other reports. National Bank Financial raised their price objective 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. ATB Cormark Capital Markets upped their target price on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group increased their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James Financial raised their price target on shares of Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$39.13.

Bird Construction Stock Performance

Shares of BDT opened at C$35.56 on Monday. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$35.73. The stock’s 50-day simple moving average is C$31.06 and its 200 day simple moving average is C$29.22. 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 stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68.

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

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.