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

Key Points

• Analysts remain bullish on Bird Construction: All nine covering firms rate the stock a “Buy,” with an average 12-month price target of C$75.60. Several brokerages recently raised their targets, ranging from C$83 to C$92.
• Bird Construction reported quarterly revenue of C$1.04 billion and earnings of C$0.70 per share, while its shares opened at C$85.41, near the company’s 52-week high of C$86.50.
• The company declared a monthly dividend of C$0.07 per share, equivalent to C$0.84 annually and a 1.0% yield; its current dividend payout ratio is 78.5%.

Bird Construction Inc. (TSE:BDT - Get Free Report) has earned an average rating of "Buy" from the nine ratings firms that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is C$75.60.

Several brokerages recently weighed in on BDT. BMO Capital Markets upped their price objective on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets lifted their target price on Bird Construction from C$57.00 to C$87.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Canaccord Genuity Group boosted their target price on Bird Construction from C$62.00 to C$83.00 in a research note on Friday, August 14th. National Bank Financial increased their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Finally, Stifel Nicolaus raised their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a "buy" rating in a research note on Friday, August 14th.

Bird Construction Stock Performance

TSE BDT opened at C$85.41 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The firm has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 79.82, a P/E/G ratio of 0.53 and a beta of 0.48. The firm's 50 day simple moving average is C$71.97 and its 200 day simple moving average is C$60.90. Bird Construction has a 1 year low of C$23.56 and a 1 year high of C$86.50.

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

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.84 annualized dividend and a yield of 1.0%. Bird Construction's dividend payout ratio is presently 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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