Bird Construction (TSE:BDT) Stock Rating Lowered by Raymond James Financial

Raymond James Financial downgraded shares of Bird Construction (TSE:BDT - Free Report) from a strong-buy rating to a moderate buy rating in a report published on Thursday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus reduced their price target on Bird Construction from C$34.50 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. CIBC upped their price target on Bird Construction from C$31.00 to C$31.50 in a research report on Thursday, May 22nd. BMO Capital Markets upped their price target on Bird Construction from C$28.00 to C$30.00 in a research report on Thursday, May 22nd. National Bankshares reduced their price target on Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Finally, TD Securities upped their price target on Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Bird Construction presently has an average rating of "Buy" and an average price target of C$32.44.

Bird Construction Price Performance

Shares of Bird Construction stock traded down C$0.44 during trading on Thursday, reaching C$29.52. 137,050 shares of the company's stock were exchanged, compared to its average volume of 190,161. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 1-year low of C$17.52 and a 1-year high of C$32.67. The company has a market cap of C$1.65 billion, a P/E ratio of 17.88, a PEG ratio of 0.53 and a beta of 1.05. The firm's 50-day moving average price is C$27.72 and its 200 day moving average price is C$24.24.

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.84 annualized dividend and a yield of 2.85%. Bird Construction's payout ratio is currently 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.