Bird Construction Inc. (TSE:BDT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bird Construction Inc. (TSE:BDT) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$31.88.

A number of research analysts recently issued reports on BDT shares. ATB Capital lifted their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. CIBC boosted their target price on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. TD Securities raised their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. BMO Capital Markets increased their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, Raymond James boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th.

Bird Construction Trading Up 2.1 %

Shares of TSE:BDT opened at C$30.94 on Friday. The business’s 50 day simple moving average is C$25.72 and its 200 day simple moving average is C$24.10. Bird Construction has a 1 year low of C$10.72 and a 1 year high of C$32.67. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of C$1.71 billion, a P/E ratio of 19.83, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The company had revenue of C$873.54 million for the quarter, compared to analysts’ expectations of C$772.65 million. On average, research analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be paid a $0.0467 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, October 31st. Bird Construction’s dividend payout ratio is currently 53.85%.

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.