Bird Construction (TSE:BDT) Given New C$87.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Bird Construction’s price target to C$87 from C$85 and maintained a “buy” rating, implying 17.16% upside from the previous close.
• Analyst sentiment remains positive: nine analysts rate the stock a Buy, with a consensus rating of “Buy” and an average target price of C$75.60.
• Bird Construction shares rose to C$74.26, near their 52-week high of C$78.64. The company recently reported quarterly revenue of C$1.04 billion and EPS of C$0.70.

Bird Construction (TSE:BDT - Get Free Report) had its price objective upped by research analysts at Stifel Nicolaus from C$85.00 to C$87.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 17.16% from the stock's previous close.

Several other research firms also recently issued reports on BDT. Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday. Canadian Imperial Bank of Commerce raised their price target on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday. Raymond James Financial lifted their price objective on Bird Construction from C$54.00 to C$60.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. National Bank Financial boosted their price objective on Bird Construction from C$57.00 to C$72.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group increased their target price on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$75.60.

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Bird Construction Price Performance

Shares of Bird Construction stock traded up C$2.38 on Friday, reaching C$74.26. The company's stock had a trading volume of 407,577 shares, compared to its average volume of 278,381. The company has a market capitalization of C$4.11 billion, a P/E ratio of 82.51, a PEG ratio of 0.53 and a beta of 0.34. Bird Construction has a 52-week low of C$22.40 and a 52-week high of C$78.64. The stock has a 50-day moving average price of C$65.99 and a 200-day moving average price of C$50.38. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The firm had revenue of C$1.04 billion for the quarter. 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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