Bird Construction Inc. (TSE:BDT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$20.06.

A number of equities analysts recently weighed in on BDT shares. Stifel Nicolaus boosted their price target on shares of Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$17.00 to C$20.00 in a report on Thursday, March 7th. ATB Capital boosted their price target on shares of Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Raymond James boosted their price objective on Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, National Bankshares boosted their price objective on Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th.

Bird Construction Price Performance

BDT opened at C$18.62 on Tuesday. The firm’s fifty day moving average price is C$17.77 and its two-hundred day moving average price is C$14.46. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.53 and a beta of 1.21. Bird Construction has a 1 year low of C$8.01 and a 1 year high of C$19.40.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. The company had revenue of C$792.07 million for the quarter, compared to the consensus estimate of C$722.63 million. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. As a group, analysts anticipate that Bird Construction will post 1.7851782 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 17th will be paid a $0.0467 dividend. This is a boost from Bird Construction’s previous monthly dividend of $0.04. This represents a $0.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Monday, April 29th. Bird Construction’s payout ratio is currently 42.11%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.