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

Bird Construction Inc. (TSE:BDT) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$27.75.

A number of brokerages have commented on BDT. TD Securities increased their target price on Bird Construction from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. CIBC lifted their target price on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. BMO Capital Markets increased their target price on shares of Bird Construction from C$29.00 to C$30.00 in a research report on Tuesday, July 16th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research note on Friday, August 9th. Finally, ATB Capital upped their price objective on shares of Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th.

Bird Construction Trading Up 0.8 %

Bird Construction stock opened at C$22.64 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The firm has a market cap of C$1.25 billion, a PE ratio of 14.51, a P/E/G ratio of 0.53 and a beta of 1.05. The stock’s 50 day simple moving average is C$24.06 and its two-hundred day simple moving average is C$22.13. Bird Construction has a 12 month low of C$9.95 and a 12 month high of C$27.30.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (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 the consensus estimate of C$772.65 million. Analysts anticipate that Bird Construction will post 2.6178195 earnings per share for the current year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.047 per share. The ex-dividend date is Friday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s dividend payout ratio (DPR) is currently 35.90%.

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.