Bird Construction (TSE:BDT) Price Target Raised to C$39.00 at National Bank Financial

Key Points

• National Bank Financial raised its price target on Bird Construction from C$34.00 to C$39.00 and maintained an "outperform" rating, implying about a 14.7% upside from the current share price.
• Other brokers have been mixed—several trimmed targets and one downgraded its rating—but the sell-side consensus remains a "Buy" with an average price target near C$39.88.
• Shares traded up 3.5% to C$33.99 on higher-than-normal volume; the company reported quarterly EPS of C$0.57 on C$877M in revenue, with a market cap of C$1.88B and a P/E of ~20.

Bird Construction (TSE:BDT - Get Free Report) had its price target raised by equities research analysts at National Bank Financial from C$34.00 to C$39.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's target price points to a potential upside of 14.74% from the company's current price.

A number of other brokerages have also recently commented on BDT. BMO Capital Markets lowered their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an "outperform" rating in a report on Tuesday, January 20th. Finally, ATB Cormark Capital Markets downgraded shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, Bird Construction currently has a consensus rating of "Buy" and a consensus price target of C$39.88.

Bird Construction Trading Up 3.5%

TSE BDT traded up C$1.15 on Friday, reaching C$33.99. The stock had a trading volume of 396,926 shares, compared to its average volume of 229,563. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 75.72. The stock has a fifty day moving average price of C$30.83 and a two-hundred day moving average price of C$28.96. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$34.75. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 21.42% and a net margin of 2.72%. As a group, sell-side analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

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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