Bird Construction (TSE:BDT) Price Target Raised to C$92.00

Key Points

• National Bank Financial raised Bird Construction’s price target to C$92 from C$72 and maintained an “outperform” rating, implying 23.89% upside from the previous close.
• Analyst sentiment remains positive: nine analysts rate the stock Buy, with a consensus rating of “Buy” and an average price target of C$75.60.
• Bird Construction shares rose 3.3% to C$74.26, while the company 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 upped by equities researchers at National Bank Financial from C$72.00 to C$92.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 23.89% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial upped their price target 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. BMO Capital Markets upped their target price on shares of Bird Construction from C$75.00 to C$85.00 in a research note on Thursday. Stifel Nicolaus increased their target price on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a "buy" rating in a report on Friday. ATB Cormark Capital Markets raised their price target on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Canaccord Genuity Group upped their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$75.60.

Get Bird Construction SMS alerts:

Sign Up

Bird Construction Stock Up 3.3%

TSE BDT traded up C$2.38 during trading hours on Friday, hitting 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 PE ratio of 82.51, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. Bird Construction has a 52 week low of C$22.40 and a 52 week high of C$78.64. The company's 50-day simple moving average is C$65.99 and its two-hundred day simple moving average is C$50.38.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source