Bird Construction (TSE:BDT) Stock Gets Price Target Increase from BMO Capital Markets

Key Points

• BMO Capital Markets raised Bird Construction’s price target from C$95 to C$100 and maintained an “outperform” rating, implying 28.9% upside from the current share price.
• Analyst sentiment is broadly positive: eight analysts rate the stock Buy and one rates it Hold, for a “Moderate Buy” consensus; the consensus price target is C$81.
• Bird reported quarterly earnings of C$1.13 per share on revenue of C$1.30 billion. Analysts forecast full-year EPS of C$2.76 on average.

Bird Construction (TSE:BDT - Get Free Report) had its target price upped by equities researchers at BMO Capital Markets from C$95.00 to C$100.00 in a report issued on Thursday, BayStreet reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets's target price would indicate a potential upside of 28.90% from the company's current price.

Other research analysts also recently issued reports about the stock. National Bank Financial raised their price objective on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Raymond James Financial boosted their target price on shares of Bird Construction from C$90.00 to C$95.00 and gave the company an "outperform" rating in a report on Thursday. Canaccord Genuity Group downgraded Bird Construction from a "buy" rating to a "hold" rating and set a C$83.00 target price on the stock. in a research report on Thursday, October 15th. Stifel Nicolaus raised their price target on Bird Construction from C$85.00 to C$87.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their price target on Bird Construction from C$57.00 to C$87.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Bird Construction has a consensus rating of "Moderate Buy" and a consensus price target of C$81.00.

Bird Construction Stock Performance

Shares of BDT traded up C$0.69 on Thursday, reaching C$77.58. 361,206 shares of the company's stock traded hands, compared to its average volume of 308,544. The stock has a market cap of C$4.30 billion, a PE ratio of 72.50, a PEG ratio of 0.53 and a beta of -0.01. Bird Construction has a 52-week low of C$23.56 and a 52-week high of C$86.50. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The stock's 50 day simple moving average is C$75.93 and its two-hundred day simple moving average is C$57.96.

Bird Construction (TSE:BDT - Get Free Report) last issued its earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm had revenue of C$1.30 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. On average, analysts forecast that Bird Construction will post 2.76 earnings per share for the current fiscal year.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.

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