Bird Construction (TSE:BDT) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its price target on Bird Construction to C$93 from C$85 and maintained a Buy rating, implying 22.95% upside from the prior close.
• Analyst sentiment is broadly positive: eight analysts rate the stock Buy and one rates it Hold, giving Bird a consensus “Moderate Buy” rating and C$87.10 average target. National Bank Financial and BMO also raised their targets, to C$101 and C$100, respectively.
• Bird reported quarterly EPS of C$1.13 and revenue of C$1.30 billion. Its shares traded at C$75.64 on Friday, down C$1.01.

Bird Construction (TSE:BDT - Get Free Report) had its price target lifted by stock analysts at TD from C$85.00 to C$93.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a "buy" rating on the stock. TD's target price would indicate a potential upside of 22.95% from the company's previous close.

Other analysts also recently issued reports about the stock. National Bank Financial lifted their price objective on shares of Bird Construction from C$92.00 to C$101.00 and gave the company an "outperform" rating in a research report on Friday. Stifel Nicolaus lifted their price target on Bird Construction from C$85.00 to C$87.00 and gave the company a "buy" rating in a report on Friday, August 14th. Canaccord Genuity Group cut Bird Construction from a "buy" rating to a "hold" rating and set a C$83.00 price target on the stock. in a report on Thursday, October 15th. BMO Capital Markets boosted their price objective on Bird Construction from C$95.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce increased their price objective on Bird Construction from C$83.00 to C$87.00 in a report on Thursday, October 29th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bird Construction has a consensus rating of "Moderate Buy" and a consensus target price of C$87.10.

Bird Construction Stock Performance

BDT traded down C$1.01 during trading on Friday, reaching C$75.64. 307,526 shares of the company were exchanged, compared to its average volume of 309,215. Bird Construction has a 52 week low of C$24.39 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 firm has a 50 day moving average of C$76.13 and a 200 day moving average of C$58.19. The stock has a market cap of C$4.19 billion, a P/E ratio of 70.69, a PEG ratio of 0.53 and a beta of -0.01.

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

About Bird Construction

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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