Bird Construction (TSE:BDT) Given New C$48.00 Price Target at National Bank Financial

Bird Construction (TSE:BDT) had its price objective lifted by National Bank Financial from C$39.00 to C$48.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James Financial upped their price target 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 upped their price target 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. TD Securities upped their price target 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. ATB Cormark Capital Markets upped their price target on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, BMO Capital Markets upped their price target 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. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bird Construction has an average rating of “Buy” and an average price target of C$42.50.

Bird Construction Trading Up 5.1%

TSE BDT opened at C$43.66 on Wednesday. The business’s 50-day moving average price is C$34.06 and its two-hundred day moving average price is C$30.68. Bird Construction has a 12 month low of C$17.99 and a 12 month high of C$43.77. The firm has a market capitalization of C$2.42 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66.

Bird Construction (TSE:BDT) last released its quarterly 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. On average, 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 paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s payout ratio is currently 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.