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

Bird Construction Inc. (TSE:BDT) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$20.06.

A number of equities research analysts have weighed in on BDT shares. ATB Capital raised their price target on Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Stifel Nicolaus increased their price target on shares of Bird Construction from C$18.50 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. TD Securities boosted their price objective on shares of Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Raymond James increased their target price on shares of Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$17.00 to C$20.00 in a research note on Thursday, March 7th.

Bird Construction Stock Up 1.3 %

Shares of TSE:BDT opened at C$18.93 on Tuesday. The firm has a fifty day moving average price of C$18.09 and a two-hundred day moving average price of C$14.75. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.53 and a beta of 1.21. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. Bird Construction has a one year low of C$8.01 and a one year high of C$19.40.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million during the quarter, compared to analysts’ expectations of C$722.63 million. Analysts anticipate that Bird Construction will post 1.7851782 EPS for the current fiscal year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be given a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 annualized dividend and a yield of 2.96%. This is a boost from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio is presently 42.11%.

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.