ATB Cormark Capital Markets Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective upped by ATB Cormark Capital Markets from C$38.00 to C$48.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the company. Raymond James Financial boosted their price target on Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, March 13th. BMO Capital Markets lifted their price objective 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. Canaccord Genuity Group boosted their price objective on Bird Construction from C$37.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce increased their target price on shares of Bird Construction from C$40.00 to C$52.00 in a report on Thursday, April 9th. Finally, Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the stock a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bird Construction currently has a consensus rating of “Buy” and a consensus target price of C$49.13.

Bird Construction Price Performance

Shares of TSE:BDT opened at C$45.30 on Monday. The firm’s 50 day moving average price is C$36.47 and its 200-day moving average price is C$31.62. The stock has a market capitalization of C$2.51 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. Bird Construction has a twelve month low of C$20.32 and a twelve month high of C$48.52. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66.

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 firm had revenue of C$877.01 million during the quarter. Equities research analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, April 30th. Bird Construction’s payout ratio is presently 97.67%.

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.