Bird Construction (TSE:BDT) Given New C$48.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its target on Bird Construction to C$48.00 (from C$39.00) with an "outperform" rating, and multiple brokers also lifted targets (BMO C$52, Raymond James C$44, TD C$44), leaving a consensus "Buy" and a consensus price target of C$42.50.
• BDT traded at C$43.41 (near its 12‑month high of C$43.60) and has a market cap of C$2.40 billion with a relatively rich valuation (P/E 50.48).
• In the latest quarter Bird reported EPS of C$0.57 on C$877.0M revenue, a 1.4% net margin, and analysts forecast roughly 2.76 EPS for the current year.

Bird Construction (TSE:BDT - Get Free Report) had its target price increased by investment analysts at National Bank Financial from C$39.00 to C$48.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 10.57% from the company's current price.

Several other research analysts also recently weighed in on BDT. Raymond James Financial upped their price target on Bird Construction from C$34.00 to C$44.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. BMO Capital Markets increased their target price on Bird Construction from C$38.00 to C$52.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Canaccord Genuity Group raised their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the company a "buy" rating in a report on Friday, March 13th. ATB Cormark Capital Markets raised their target price on shares of Bird Construction from C$35.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Finally, TD Securities raised their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a "buy" rating in a report on Monday, March 16th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$42.50.

Bird Construction Price Performance

BDT stock traded up C$1.86 during midday trading on Wednesday, hitting C$43.41. The company's stock had a trading volume of 329,226 shares, compared to its average volume of 249,644. Bird Construction has a 12 month low of C$17.99 and a 12 month high of C$43.60. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66. The firm has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. The company has a 50 day moving average of C$33.79 and a two-hundred day moving average of C$30.59.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The business had revenue of C$877.01 million during the quarter. On average, analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

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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