Bird Construction Inc. (TSE:BDT) Receives C$33.00 Average PT from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$33.00.

BDT has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. BMO Capital Markets raised their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James lifted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. TD Securities increased their price objective on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Finally, CIBC lifted their target price on shares of Bird Construction from C$29.50 to C$34.00 in a research note on Friday, December 13th.

Bird Construction Trading Up 0.4 %

TSE BDT opened at C$26.28 on Friday. The stock’s 50-day simple moving average is C$29.29 and its two-hundred day simple moving average is C$26.32. Bird Construction has a twelve month low of C$13.25 and a twelve month high of C$32.67. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.02. The company had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Research analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a $0.07 dividend. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. Bird Construction’s payout ratio is presently 53.85%.

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.