Bird Construction (TSE:BDT) Lowered to Outperform at Raymond James

Bird Construction (TSE:BDTGet Free Report) was downgraded by Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Friday, BayStreet.CA reports. They presently have a C$18.50 target price on the stock, up from their previous target price of C$18.00. Raymond James’ target price suggests a potential upside of 19.66% from the company’s current price.

Other analysts have also issued research reports about the company. National Bank Financial lowered Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, January 3rd. CIBC lifted their price objective on Bird Construction from C$14.50 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. National Bankshares downgraded Bird Construction from an “outperform” rating to a “sector perform” rating and set a C$15.00 target price on the stock. in a research report on Thursday, January 4th. ATB Capital lifted their target price on Bird Construction from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Finally, TD Securities lifted their target price on Bird Construction from C$15.50 to C$17.00 in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.81.

Get Our Latest Stock Analysis on BDT

Bird Construction Stock Up 2.0 %

Shares of BDT traded up C$0.31 on Friday, reaching C$15.46. The stock had a trading volume of 86,728 shares, compared to its average volume of 97,938. The firm has a market capitalization of C$831.28 million, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.16. The company has a debt-to-equity ratio of 54.65, a quick ratio of 1.20 and a current ratio of 1.22. The company has a 50-day simple moving average of C$13.55 and a 200-day simple moving average of C$11.37. Bird Construction has a 12-month low of C$8.01 and a 12-month high of C$15.46.

Bird Construction (TSE:BDTGet Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported C$0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.12. The business had revenue of C$783.84 million during the quarter, compared to analysts’ expectations of C$737.23 million. Bird Construction had a return on equity of 22.07% and a net margin of 2.35%. Sell-side analysts predict that Bird Construction will post 1.699536 EPS for the current year.

About Bird Construction

(Get Free Report)

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional, and civil 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.

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