Bird Construction (TSE:BDT) Given a C$34.00 Price Target at Raymond James Financial

Raymond James Financial set a C$34.00 target price on Bird Construction (TSE:BDT) in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

BDT has been the subject of several other research reports. National Bankshares increased their price objective on shares of Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Stifel Nicolaus increased their target price on Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a report on Monday, October 6th. CIBC dropped their price target on Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. TD Securities upped their price objective on Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, ATB Capital lifted their target price on Bird Construction from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$35.50.

Bird Construction Trading Up 0.1%

TSE BDT opened at C$29.94 on Tuesday. Bird Construction has a one year low of C$17.52 and a one year high of C$31.76. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market cap of C$1.66 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.53 and a beta of 0.63. The stock’s 50-day moving average is C$28.04 and its 200-day moving average is C$28.19.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$951.43 million during the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%. Sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. Bird Construction’s payout ratio is 48.04%.

Insider Activity

In related news, insider Wayne Richard Gingrich acquired 1,100 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was bought at an average price of C$25.26 per share, with a total value of C$27,786.00. Following the acquisition, the insider owned 14,000 shares in the company, valued at C$353,640. This represents a 8.53% increase in their position. In the last quarter, insiders purchased 8,300 shares of company stock worth $210,360. Corporate insiders own 3.03% of the company’s stock.

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.