Analysts Set Bird Construction Inc. (TSE:BDT) Target Price at C$33.00

Shares of Bird Construction Inc. (TSE:BDT) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$33.00.

Several research firms recently commented on BDT. CIBC boosted their price target on Bird Construction from C$29.50 to C$34.00 in a research note on Friday, December 13th. BMO Capital Markets upped their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. ATB Capital lifted their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Finally, TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th.

Bird Construction Stock Performance

Shares of TSE:BDT opened at C$26.28 on Friday. The company has a market cap of C$1.46 billion, a P/E ratio of 16.85, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a one year low of C$13.25 and a one year high of C$32.67. The business’s 50-day simple moving average is C$29.10 and its 200 day simple moving average is C$26.36. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25.

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, beating analysts’ consensus estimates of C$0.67 by C$0.02. The company had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, sell-side analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.07 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. Bird Construction’s payout ratio is 53.85%.

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.