Bird Construction (TSE:BDT) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Bird Construction shares rose above their 200-day moving average, reaching C$71.40 before closing at C$69.00, compared with a 200-day average of C$51.96.
• Analysts remain bullish: nine analysts rate the stock a Buy, while recent target increases put individual targets as high as C$87.00. The consensus target is C$75.60.
• The company reported quarterly revenue of C$1.04 billion and EPS of C$0.70, while paying a monthly C$0.07 dividend yielding about 1.2%; however, its valuation remains elevated at a P/E ratio of 64.49.

Bird Construction Inc. (TSE:BDT - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$51.96 and traded as high as C$71.40. Bird Construction shares last traded at C$69.00, with a volume of 358,925 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. TD increased their price target on shares of Bird Construction from C$63.00 to C$72.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Canaccord Genuity Group raised their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets boosted their price objective on Bird Construction from C$57.00 to C$87.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Finally, Stifel Nicolaus upped their target price on Bird Construction from C$85.00 to C$87.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Bird Construction has an average rating of "Buy" and a consensus target price of C$75.60.

Bird Construction Stock Down 1.2%

The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The company has a market cap of C$3.82 billion, a price-to-earnings ratio of 64.49, a P/E/G ratio of 0.53 and a beta of 0.34. The stock has a fifty day moving average price of C$67.44 and a two-hundred day moving average price of C$51.96.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. The business had revenue of C$1.04 billion for the quarter. As a group, sell-side analysts expect that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.2%. Bird Construction's payout ratio is currently 78.50%.

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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