Bird Construction Inc. (TSE:BDT) Given Consensus Rating of "Buy" by Analysts

Key Points

• Bird Construction Inc. has received an average recommendation of "Buy" from seven analysts, with five giving a buy rating and two a strong buy rating, and a 12-month price target of C$35.25.
• The company has announced a monthly dividend of $0.07, with an annualized yield of 2.9% and a dividend payout ratio of 41.49%.
• Current stock performance shows a trading range with a 52-week high of C$31.76 and a low of C$17.52, alongside a market capitalization of C$1.62 billion.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have been given an average recommendation of "Buy" by the seven analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$35.25.

Several equities analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Raymond James Financial lifted their target price on shares of Bird Construction from C$35.00 to C$37.00 in a research note on Wednesday. ATB Capital lifted their target price on shares of Bird Construction from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. BMO Capital Markets lifted their target price on shares of Bird Construction from C$35.00 to C$37.00 in a research note on Friday, October 10th. Finally, CIBC reduced their target price on shares of Bird Construction from C$35.00 to C$33.00 in a research note on Monday, August 18th.

Bird Construction Stock Performance

TSE BDT opened at C$29.25 on Friday. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$31.76. The company has a 50-day simple moving average of C$27.35 and a 200 day simple moving average of C$26.34. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market capitalization of C$1.62 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.53 and a beta of 0.66.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 20th will be paid a $0.07 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.9%. Bird Construction's dividend payout ratio (DPR) is presently 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.

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