Bird Construction (TSE:BDT) Price Target Raised to C$52.00

Bird Construction (TSE:BDT) had its target price boosted by Canadian Imperial Bank of Commerce from C$40.00 to C$52.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other analysts have also recently commented on BDT. TD Securities raised their target price on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Raymond James Financial raised their target price on Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Canaccord Genuity Group raised their target price on Bird Construction from C$33.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, March 13th. BMO Capital Markets raised their target price on Bird Construction from C$38.00 to C$52.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Finally, National Bank Financial raised their target price on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$44.50.

Bird Construction Stock Up 3.3%

BDT opened at C$47.28 on Thursday. Bird Construction has a 12 month low of C$18.95 and a 12 month high of C$47.40. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The stock has a market cap of C$2.62 billion, a P/E ratio of 54.98, a P/E/G ratio of 0.53 and a beta of 0.14. The stock’s 50 day moving average price is C$34.70 and its 200 day moving average price is C$30.93.

Bird Construction (TSE:BDT) last posted its earnings results 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 firm had revenue of C$877.01 million for the quarter. As a group, research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.8%. Bird Construction’s dividend payout ratio (DPR) is 97.67%.

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.