Stifel Nicolaus Boosts Bird Construction (TSE:BDT) Price Target to C$37.00

Bird Construction (TSE:BDT) had its target price upped by equities researchers at Stifel Nicolaus from C$34.00 to C$37.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 18.32% from the stock’s current price.

Other analysts have also issued reports about the company. CIBC raised their target price on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. BMO Capital Markets upped their target price on Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. TD Securities lifted their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday. Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. Finally, ATB Capital lifted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$31.88.

Bird Construction Stock Performance

BDT traded up C$1.41 during trading on Thursday, reaching C$31.27. 89,000 shares of the company’s stock were exchanged, compared to its average volume of 142,866. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. Bird Construction has a 1 year low of C$10.06 and a 1 year high of C$31.39. The company’s fifty day simple moving average is C$23.48 and its 200-day simple moving average is C$22.70. The stock has a market capitalization 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 (TSE:BDT) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, research analysts predict that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

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.