Bird Construction (TSE:BDT) Price Target Raised to C$85.00 at BMO Capital Markets

Key Points

• BMO Capital Markets raised Bird Construction’s price target to C$85 from C$75, implying 17.39% upside from the stock’s current price.
• Analyst sentiment remains positive: nine analysts rate the stock a Buy, with a consensus rating of “Buy” and an average price target of C$64.10.
• Bird Construction shares rose C$7.91 to C$72.41 in Thursday trading. The company recently reported quarterly EPS of C$0.70 on revenue of C$1.04 billion.

Bird Construction (TSE:BDT - Get Free Report) had its price objective increased by stock analysts at BMO Capital Markets from C$75.00 to C$85.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 17.39% from the stock's current price.

A number of other brokerages have also weighed in on BDT. Raymond James Financial lifted their price objective on Bird Construction from C$54.00 to C$60.00 and gave the company an "outperform" rating in a report on Friday, May 15th. TD increased their target price on Bird Construction from C$63.00 to C$72.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. ATB Cormark Capital Markets raised their price target on Bird Construction from C$48.00 to C$57.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Jefferies Financial Group lifted their price target on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Bird Construction from C$65.00 to C$71.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, Bird Construction has a consensus rating of "Buy" and an average price target of C$64.10.

Bird Construction Stock Performance

Shares of BDT stock traded up C$7.91 during mid-day trading on Thursday, hitting C$72.41. The stock had a trading volume of 491,506 shares, compared to its average volume of 276,726. Bird Construction has a fifty-two week low of C$22.40 and a fifty-two week high of C$78.64. The firm has a market cap of C$4.01 billion, a PE ratio of 80.46, a PEG ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The company's 50-day simple moving average is C$65.84 and its 200-day simple moving average is C$50.08.

Bird Construction (TSE:BDT - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current 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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