Bird Construction (TSE:BDT) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of Bird Construction (TSE:BDT - Free Report) from an outperform rating to a strong-buy rating in a research report report published on Tuesday, MarketBeat reports. Raymond James currently has C$35.00 price target on the stock. Raymond James also issued estimates for Bird Construction's Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $2.70 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $1.09 EPS and Q4 2026 earnings at $1.08 EPS.

Other equities analysts have also issued reports about the stock. National Bankshares dropped their price target on shares of Bird Construction from C$32.00 to C$30.00 and set a "sector perform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group lowered their target price on shares of Bird Construction from C$36.00 to C$35.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. TD Securities cut their price target on Bird Construction from C$36.00 to C$33.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Cibc World Mkts upgraded Bird Construction from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 14th. Finally, BMO Capital Markets cut their target price on Bird Construction from C$30.00 to C$28.00 in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$31.61.

Bird Construction Stock Performance

Shares of TSE BDT traded down C$0.31 during trading on Tuesday, hitting C$20.68. The company had a trading volume of 123,133 shares, compared to its average volume of 208,960. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$32.67. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a market capitalization of C$1.16 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The stock has a 50 day simple moving average of C$21.06 and a 200 day simple moving average of C$25.12.

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.84 annualized dividend and a dividend yield of 4.06%. Bird Construction's dividend payout ratio (DPR) is 50.87%.

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.