Bird Construction (TSE:BDT) Downgraded to "Moderate Buy" Rating by Raymond James Financial

Raymond James Financial lowered shares of Bird Construction (TSE:BDT - Free Report) from a strong-buy rating to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

BDT has been the topic of several other reports. TD Securities boosted their target price on Bird Construction from C$26.00 to C$31.00 in a research note on Thursday, May 22nd. Stifel Nicolaus lowered their target price on shares of Bird Construction from C$34.50 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. National Bankshares lowered their target price on shares of Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. CIBC lifted their price objective on shares of Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Finally, BMO Capital Markets boosted their target price on shares of Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bird Construction currently has an average rating of "Buy" and an average price target of C$32.44.

Bird Construction Stock Up 1.8%

TSE BDT traded up C$0.54 during trading on Thursday, reaching C$30.06. 50,628 shares of the company's stock traded hands, compared to its average volume of 189,114. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$32.67. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. 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's 50 day simple moving average is C$27.72 and its two-hundred day simple moving average is C$24.21.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, July 31st. Bird Construction's payout ratio is presently 50.87%.

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.