Shares of Bird Construction Inc. (TSE:BDT – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.75.
Several equities analysts have weighed in on the stock. TD Securities raised their target price on shares of Bird Construction from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. ATB Capital raised their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. National Bankshares lifted their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 11th. Finally, Stifel Nicolaus boosted their target price on shares of Bird Construction from C$30.00 to C$31.00 in a research report on Friday, August 9th.
Read Our Latest Stock Report on Bird Construction
Bird Construction Trading Down 0.9 %
Bird Construction (TSE:BDT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million during the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, sell-side analysts expect that Bird Construction will post 2.6178195 earnings per share for the current fiscal year.
Bird Construction Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.047 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 2.56%. Bird Construction’s payout ratio is presently 35.90%.
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.
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