BMO Capital Markets Raises Bird Construction (TSE:BDT) Price Target to C$35.00

Bird Construction (TSE:BDT) had its price target upped by research analysts at BMO Capital Markets from C$30.00 to C$35.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 11.93% from the company’s current price.

Other equities analysts have also issued research reports about the company. Raymond James boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday. ATB Capital boosted their price objective on Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th. National Bankshares boosted their target price on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday. Cibc World Mkts raised Bird Construction to a “hold” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on shares of Bird Construction from C$34.00 to C$37.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$31.88.

Bird Construction Stock Performance

TSE BDT traded up C$1.41 during trading on Thursday, hitting C$31.27. The company’s stock had a trading volume of 89,000 shares, compared to its average volume of 142,866. 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 firm has a 50 day moving average price of C$23.48 and a 200 day moving average price of C$22.70. The firm has a market cap of C$1.73 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$10.06 and a 52 week high of C$31.39.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.04. The business had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Equities research analysts forecast that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Company Profile

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.