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

Key Points

• Consensus "Buy": Eight analysts rate Bird Construction a buy with an average 12‑month price target of C$52.90, and several firms recently raised targets (Jefferies to C$63, Raymond James to C$54, Stifel to C$55), indicating bullish analyst sentiment.
• Market snapshot: shares opened at C$55.10 (near a 52‑week high of C$56.28), with a market cap of C$3.05B, a PE of 64.07 and a PEG of 0.53, reflecting a high current valuation alongside expected earnings growth.
• Dividend risk: The company announced a monthly dividend of C$0.07 (annualized yield ~1.5%, ex‑dividend Apr 30), but the payout ratio is very high at 97.67%, which may limit dividend sustainability.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have received an average rating of "Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$52.90.

Several research analysts have recently commented on BDT shares. ATB Cormark Capital Markets raised their price objective on shares of Bird Construction from C$38.00 to C$48.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the stock a "buy" rating in a research note on Friday, April 17th. Raymond James Financial increased their target price on shares of Bird Construction from C$44.00 to C$54.00 in a report on Wednesday, April 29th. National Bank Financial boosted their price target on shares of Bird Construction from C$39.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group upped their price objective on Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th.

Bird Construction Stock Up 1.0%

Bird Construction stock opened at C$55.10 on Wednesday. The company has a market capitalization of C$3.05 billion, a PE ratio of 64.07, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$56.28. The firm has a 50 day moving average price of C$39.64 and a 200 day moving average price of C$32.77.

Bird Construction (TSE:BDT - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. The firm had revenue of C$877.01 million for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%. Research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction's payout ratio is presently 97.67%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.