Bird Construction (TSE:BDT) Sets New 12-Month High - Time to Buy?

Key Points

• Bird Construction reached a new 52-week high of C$86.50, last trading at C$85.35, while its market capitalization stood at approximately C$4.69 billion.
• Analyst sentiment remains positive: nine analysts rate the stock a Buy, with a consensus rating of “Buy” and an average target price of C$75.60. Several firms recently raised their targets, including National Bank Financial to C$92.
• The company reported quarterly EPS of C$0.70 on revenue of C$1.04 billion and declared a monthly dividend of C$0.07, equivalent to C$0.84 annually and a 1.0% yield.

Bird Construction Inc. (TSE:BDT - Get Free Report)'s share price reached a new 52-week high during trading on Friday. The company traded as high as C$86.50 and last traded at C$85.35, with a volume of 36326 shares. The stock had previously closed at C$83.89.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canaccord Genuity Group increased their target price on Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. ATB Cormark Capital Markets lifted their price target on Bird Construction from C$57.00 to C$87.00 and gave the company an "outperform" rating in a report on Friday, August 14th. 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. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Finally, BMO Capital Markets raised their price objective on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$75.60.

Bird Construction Stock Performance

The stock has a market cap of C$4.69 billion, a price-to-earnings ratio of 79.07, a P/E/G ratio of 0.53 and a beta of 0.48. 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 fifty day simple moving average of C$71.67 and a 200-day simple moving average of C$60.73.

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

Bird Construction Dividend Announcement

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