Bird Construction (TSE:BDT) Reaches New 52-Week High - What's Next?

Key Points

• 52‑week high: Shares of Bird Construction climbed to C$36.76 (last C$36.53) on Wednesday with about 29,683 shares traded, up from a prior close of C$36.07.
• Analyst bullishness: Several firms raised price targets in mid‑March (range C$37–C$44) and six analysts rate the stock Buy, with an average target of C$39.13.
• Financial profile: Market cap C$2.02B, P/E 42.48 and debt/equity 75.66; latest quarter EPS was C$0.57 on C$877M revenue, and analysts expect roughly C$2.76 EPS for the fiscal year.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$36.76 and last traded at C$36.53, with a volume of 29683 shares changing hands. The stock had previously closed at C$36.07.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Canaccord Genuity Group raised their target price on Bird Construction from C$33.00 to C$37.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. National Bank Financial increased their price objective on Bird Construction from C$34.00 to C$39.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. ATB Cormark Capital Markets lifted their price objective on Bird Construction from C$35.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Raymond James Financial boosted their target price on shares of Bird Construction from C$34.00 to C$44.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. Finally, TD Securities increased their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$39.13.

Bird Construction Price Performance

The firm has a market capitalization of C$2.02 billion, a P/E ratio of 42.48, a PEG ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The company's 50 day moving average price is C$31.73 and its 200 day moving average price is C$29.71.

Bird Construction (TSE:BDT - Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. The company had revenue of C$877.01 million for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. As a group, sell-side analysts anticipate that Bird Construction Inc. 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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