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

Shares of Bird Construction Inc. (TSE:BDT) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$35.50.

A number of equities analysts recently commented on BDT shares. BMO Capital Markets lowered their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Raymond James Financial set a C$34.00 price target on shares of Bird Construction and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. TD Securities lifted their price objective on shares of Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, October 27th. ATB Cormark Capital Markets upped their target price on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th.

Bird Construction Stock Up 0.2%

Bird Construction stock opened at C$31.32 on Friday. The company has a market capitalization of C$1.73 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$31.96. The firm has a 50 day moving average price of C$29.87 and a 200 day moving average price of C$28.41.

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

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, November 28th. Bird Construction’s dividend payout ratio (DPR) is presently 48.04%.

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.