Bird Construction (TSE:BDT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital MarketsC$52.00 (from C$38.00) and kept an "outperform" rating, implying about a 34.44% upside from the current share price.
• Multiple firms also boosted targets this month, leaving a consensus analyst rating of "Buy" with an average target of C$41.38.
• BDT shares traded around C$38.68 (market cap C$2.14B) after reporting quarterly EPS of C$0.57 and revenue of C$877.01M, while the stock’s PE is ~44.98 and its 52‑week range is C$17.52–C$39.86.

Bird Construction (TSE:BDT - Get Free Report) had its target price upped by research analysts at BMO Capital Markets from C$38.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 34.44% from the stock's current price.

A number of other research analysts have also weighed in on the company. National Bank Financial lifted their target price on Bird Construction from C$34.00 to C$39.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Canaccord Genuity Group boosted their price objective on shares of Bird Construction from C$33.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, March 13th. Raymond James Financial increased their target price on shares of Bird Construction from C$34.00 to C$44.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. ATB Cormark Capital Markets boosted their price target on shares of Bird Construction from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Finally, TD Securities upped their price target on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$41.38.

Bird Construction Stock Performance

BDT stock traded up C$0.74 during midday trading on Thursday, reaching C$38.68. 324,740 shares of the company's stock traded hands, compared to its average volume of 235,881. The firm has a market capitalization of C$2.14 billion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The company has a 50-day moving average price of C$31.90 and a two-hundred day moving average price of C$29.77. Bird Construction has a 52 week low of C$17.52 and a 52 week high of C$39.86. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26.

Bird Construction (TSE:BDT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%.The company had revenue of C$877.01 million during the quarter. As a group, equities analysts anticipate that Bird Construction will post 2.7598533 EPS 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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