Bird Construction Inc. (TSE:BDT) Receives Average Rating of "Buy" from Brokerages

Key Points

• Bird Construction Inc. (TSE:BDT) has received a consensus recommendation of "Buy" from seven research firms, with five analysts recommending a buy and two a strong buy.
• The average one-year price target for Bird Construction is C$32.75, with recent upgrades from TD Securities and Stifel Nicolaus reflecting positive outlooks.
• Bird Construction announced a monthly dividend of $0.07, providing an annualized yield of 2.9% with a payout ratio of 41.49%.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seven research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$32.75.

A number of research firms have issued reports on BDT. TD Securities lifted their price objective on shares of Bird Construction from C$31.00 to C$32.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Stifel Nicolaus lifted their price objective on shares of Bird Construction from C$34.00 to C$36.00 and gave the stock a "buy" rating in a report on Friday, September 5th. National Bankshares raised shares of Bird Construction from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$26.00 to C$28.00 in a report on Thursday, September 4th. Raymond James Financial downgraded shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. Finally, National Bank Financial raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd.

Bird Construction Price Performance

BDT opened at C$28.73 on Tuesday. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 0.53 and a beta of 0.62. The firm's fifty day moving average price is C$27.00 and its two-hundred day moving average price is C$25.30. Bird Construction has a 1 year low of C$17.52 and a 1 year high of C$32.67.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. 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.

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