Bird Construction Inc. (TSE:BDT) Stock Has Consensus Target Price of C$75.60

Key Points

• Analysts maintain a bullish outlook: Bird Construction has a consensus “Moderate Buy” rating from nine brokers, with eight buys and one hold. The average 12-month price target is C$75.60.
• Several brokerages recently raised their targets, including National Bank Financial to C$92, ATB Cormark to C$87, and BMO Capital Markets to C$85; Canaccord Genuity downgraded the stock to “hold” with an C$83 target.
• Bird Construction reported quarterly revenue of C$1.04 billion and EPS of C$0.70, while declaring a monthly C$0.07 dividend, equivalent to an annualized yield of approximately 1.2%.

Bird Construction Inc. (TSE:BDT - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$75.60.

A number of brokerages recently weighed in on BDT. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. ATB Cormark Capital Markets upped their price objective on shares of Bird Construction from C$57.00 to C$87.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. BMO Capital Markets increased 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 raised their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Finally, Canaccord Genuity Group cut shares of Bird Construction from a "buy" rating to a "hold" rating and set a C$83.00 target price on the stock. in a research note on Thursday, October 15th.

Bird Construction Stock Up 1.7%

BDT opened at C$73.04 on Wednesday. The stock's 50 day moving average price is C$75.02 and its 200 day moving average price is C$55.62. 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 stock has a market cap of C$4.05 billion, a P/E ratio of 68.26, a P/E/G ratio of 0.53 and a beta of 0.14. Bird Construction has a 12 month low of C$23.56 and a 12 month high of C$86.50.

Bird Construction (TSE:BDT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. The company had revenue of C$1.04 billion during the quarter. As a group, research analysts predict that Bird Construction will post 2.76 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 20th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 30th. 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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