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

Key Points

• Seven analysts give Bird Construction a consensus Buy rating with an average 1‑year target of C$44.50, and several firms recently raised targets (some up to C$52).
• The stock opened at C$47.28—near its 1‑year high of C$47.40—with a market cap of C$2.62B, a PE of 54.98, PEG 0.53 and a low beta (0.14), indicating it may be richly valued but priced for growth.
• Latest quarter showed EPS C$0.57 on C$877.0M revenue (net margin 1.4%, ROE 10.8%), and the company announced a monthly dividend of $0.07 (ex‑dividend April 30, yield ~1.8%, payout ratio 97.7%).

Bird Construction Inc. (TSE:BDT - Get Free Report) has been given an average recommendation of "Buy" by the seven research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$44.50.

A number of research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Bird Construction from C$33.00 to C$37.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. ATB Cormark Capital Markets upped their price objective on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. BMO Capital Markets upped their price objective on shares of Bird Construction from C$38.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Thursday, March 26th. TD Securities upped their price objective on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Bird Construction from C$40.00 to C$52.00 in a research report on Thursday.

Bird Construction Trading Up 3.3%

TSE BDT opened at C$47.28 on Friday. The company has a market capitalization of C$2.62 billion, a PE ratio of 54.98, a P/E/G ratio of 0.53 and a beta of 0.14. The company has a fifty day moving average of C$34.70 and a 200 day moving average of C$30.92. Bird Construction has a 1 year low of C$18.95 and a 1 year high of C$47.40. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20.

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 company had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. Research analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th will be given a $0.07 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. Bird Construction's dividend payout ratio is 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.

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