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

Shares of Bird Construction Inc. (TSE:BDT) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$33.00.

A number of research analysts have weighed in on the stock. ATB Capital lifted their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. CIBC lifted their price target on shares of Bird Construction from C$29.50 to C$34.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th.

Bird Construction Price Performance

BDT opened at C$24.42 on Thursday. The company’s 50 day simple moving average is C$26.99 and its 200 day simple moving average is C$26.19. 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 has a 1 year low of C$14.74 and a 1 year high of C$32.67. The stock has a market capitalization of C$1.35 billion, a PE ratio of 15.65, a P/E/G ratio of 0.53 and a beta of 1.05.

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

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.44%. Bird Construction’s payout ratio is currently 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.