Bird Construction (TSE:BDT) Given New C$36.00 Price Target at CIBC

Bird Construction (TSE:BDT) had its price objective hoisted by CIBC from C$34.00 to C$36.00 in a research report released on Monday,BayStreet.CA reports.

Several other research analysts have also recently commented on BDT. National Bankshares increased their price target on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. TD Securities increased their price target on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Stifel Nicolaus increased their price target on Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Finally, ATB Capital increased their price target on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$33.25.

Bird Construction Stock Down 1.7 %

TSE:BDT opened at C$23.25 on Monday. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market cap of C$1.29 billion, a PE ratio of 14.90, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$15.08 and a 52-week high of C$32.67. The stock has a 50-day simple moving average of C$26.19 and a 200 day simple moving average of C$26.08.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. On average, sell-side analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 20th will be given a $0.07 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.61%. Bird Construction’s payout ratio is 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.