Bird Construction Inc. (TSE:BDT) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Analysts are broadly bullish: All nine covering brokerages rate Bird Construction “Buy,” with an average 12-month price target of C$75.60. Several firms recently raised their targets, including National Bank Financial to C$92.
• Bird Construction reported quarterly EPS of C$0.70 on revenue of C$1.04 billion, with a 13.41% return on equity and a 1.63% net margin.
• The company recently paid a monthly dividend of C$0.07 per share, representing an annualized yield of approximately 1.2% and a payout ratio of 78.5%.

Bird Construction Inc. (TSE:BDT - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$75.60.

Several analysts have recently issued reports on BDT shares. BMO Capital Markets lifted their target price on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. National Bank Financial upped their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Canaccord Genuity Group lifted their price objective on Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their target price on Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. Finally, Raymond James Financial raised their target price on Bird Construction from C$54.00 to C$60.00 and gave the company an "outperform" rating in a research report on Friday, May 15th.

Bird Construction Stock Performance

Shares of BDT stock opened at C$70.24 on Tuesday. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 65.64, a PEG ratio of 0.53 and a beta of 0.48. The stock has a 50 day simple moving average of C$68.80 and a 200-day simple moving average of C$54.97. Bird Construction has a 1-year low of C$23.56 and a 1-year high of C$78.64.

Bird Construction (TSE:BDT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. On average, equities research analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 20th were paid a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 31st. Bird Construction's dividend 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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