Bird Construction Inc. (TSE:BDT) Receives C$32.38 Consensus PT from Analysts

Key Points

• Bird Construction Inc. (TSE:BDT) has received a consensus rating of "Buy" from five brokerages, with an average 12-month price target of C$32.38.
• The company announced a monthly dividend of $0.07 per share, reflecting an annualized yield of 3.7% and a payout ratio of 50.87%.
• Bird Construction's stock has a market cap of C$1.29 billion and has recently seen its price fluctuate between a 12-month low of C$17.52 and a high of C$32.67.

Bird Construction Inc. (TSE:BDT - Get Free Report) has received an average recommendation of "Buy" from the five brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$32.38.

A number of research firms have recently issued reports on BDT. Stifel Nicolaus lowered their target price on Bird Construction from C$37.00 to C$34.00 and set a "buy" rating for the company in a research note on Friday, August 15th. CIBC lowered their target price on Bird Construction from C$35.00 to C$33.00 in a research note on Monday, August 18th. TD Securities decreased their target price on shares of Bird Construction from C$34.00 to C$31.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Raymond James Financial lowered shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets boosted their price objective on shares of Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd.

Bird Construction Trading Down 1.7%

TSE:BDT traded down C$0.39 on Friday, hitting C$22.61. 322,964 shares of the stock were exchanged, compared to its average volume of 207,723. The stock has a market cap of C$1.25 billion, a PE ratio of 12.56, a PEG ratio of 0.53 and a beta of 0.89. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The stock has a fifty day moving average of C$27.72 and a 200-day moving average of C$24.77. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$32.67.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th were paid a $0.07 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.7%. Bird Construction's payout ratio is 41.49%.

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.