Bird Construction (TSE:BDT) Price Target Raised to C$83.00 at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Bird Construction’s price target to C$83.00 from C$62.00, implying 11.77% potential upside. BMO and other analysts also recently increased their targets, with nine analysts rating the stock “Buy” and a consensus target of C$75.60.
• Bird Construction shares rose to C$74.26, near their 52-week high of C$78.64, while trading well above their 50-day and 200-day moving averages.
• The company reported quarterly EPS of C$0.70 on revenue of C$1.04 billion, with a 1.43% net margin and 11.25% return on equity.

Bird Construction (TSE:BDT - Get Free Report) had its price objective upped by Canaccord Genuity Group from C$62.00 to C$83.00 in a report released on Friday,BayStreet.CA reports. Canaccord Genuity Group's target price would suggest a potential upside of 11.77% from the company's current price.

Several other research analysts also recently issued reports on BDT. BMO Capital Markets boosted their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a report on Thursday. ATB Cormark Capital Markets boosted their price target on Bird Construction from C$48.00 to C$57.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce upped their price target on Bird Construction from C$65.00 to C$71.00 and gave the company an "outperformer" rating in a report on Wednesday, July 8th. National Bank Financial raised their price objective on Bird Construction from C$57.00 to C$72.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Finally, 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. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bird Construction has an average rating of "Buy" and an average target price of C$75.60.

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Bird Construction Stock Performance

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

Bird Construction (TSE:BDT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. Analysts predict that Bird Construction will post 2.7598533 EPS for the current fiscal 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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