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

Key Points

• Analyst sentiment is unanimously positive: All nine brokerages covering Bird Construction rate the stock “Buy,” with an average 12-month price target of C$64.10. Several firms recently raised their targets, including BMO Capital Markets to C$85.00.
• Bird Construction shares opened at C$71.88 after rising 11.4%, near their 52-week high of C$78.64. The company reported quarterly revenue of C$1.04 billion and earnings of C$0.70 per share.
• The company declared a monthly dividend of C$0.07 per share, implying a 1.2% annualized yield. Bird Construction’s dividend payout ratio is 93.33%.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have received a consensus recommendation of "Buy" from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$64.10.

Several equities analysts recently issued reports on BDT shares. Stifel Nicolaus set a C$55.00 price target on Bird Construction and gave the company a "buy" rating in a research report on Friday, April 17th. BMO Capital Markets increased their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday. National Bank Financial lifted their target price on Bird Construction from C$57.00 to C$72.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Jefferies Financial Group lifted their target price on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Canaccord Genuity Group boosted their target price on Bird Construction from C$50.00 to C$62.00 and gave the company a "buy" rating in a report on Friday, May 15th.

Bird Construction Trading Up 11.4%

Shares of Bird Construction stock opened at C$71.88 on Friday. The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of C$3.98 billion, a P/E ratio of 79.87, a PEG ratio of 0.53 and a beta of 0.34. Bird Construction has a 1 year low of C$22.40 and a 1 year high of C$78.64. The company's fifty day moving average is C$65.99 and its two-hundred day moving average is C$50.38.

Bird Construction (TSE:BDT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. The business had revenue of C$1.04 billion during the quarter. Analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be given a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, July 31st. Bird Construction's dividend payout ratio (DPR) is 93.33%.

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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