Bird Construction (TSE:BDT) PT Set at C$55.00 by Stifel Nicolaus

Key Points

• Stifel Nicolaus set a price target of C$55.00 on Bird Construction and maintained a "Buy" rating, implying roughly a 25.1% upside from the prior close.
• Analyst sentiment is broadly positive—seven analysts rate the stock Buy and the consensus price target is C$47.88, with multiple firms (CIBC, BMO, Raymond James, National Bank, ATB Cormark) recently raising targets.
• Shares traded at C$43.95 (down ~1.2%) with a market cap of C$2.43B, a P/E of 51.1, and a 52‑week range of C$20.32–C$48.52.

Bird Construction (TSE:BDT - Get Free Report) has been assigned a C$55.00 price target by research analysts at Stifel Nicolaus in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 25.14% from the company's previous close.

A number of other research firms also recently weighed in on BDT. Canadian Imperial Bank of Commerce raised their price target on shares of Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. BMO Capital Markets lifted their price objective on shares of Bird Construction from C$38.00 to C$52.00 and gave the stock an "outperform" rating in a report on Thursday, March 26th. Raymond James Financial lifted their price objective on shares of Bird Construction from C$34.00 to C$44.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. ATB Cormark Capital Markets lifted their price objective on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Finally, National Bank Financial lifted their price objective on shares of Bird Construction from C$39.00 to C$48.00 and gave the stock an "outperform" rating in a report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$47.88.

Bird Construction Stock Down 1.2%

Shares of BDT stock traded down C$0.52 during mid-day trading on Friday, reaching C$43.95. 204,146 shares of the company were exchanged, compared to its average volume of 259,054. Bird Construction has a fifty-two week low of C$20.32 and a fifty-two week high of C$48.52. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26. The company has a market capitalization of C$2.43 billion, a P/E ratio of 51.10, a P/E/G ratio of 0.53 and a beta of 0.14. The business's 50 day simple moving average is C$35.95 and its 200 day simple moving average is C$31.40.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The business had revenue of C$877.01 million during the quarter. Research analysts predict 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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