Bird Construction (TSE:BDT) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Bird Construction shares rose above their 200-day moving average, reaching C$73.78 and closing at C$73.34, compared with a 200-day average of C$56.69.
• Analyst sentiment is strongly positive: all nine covering analysts rate the stock a Buy, while the average price target is C$75.60. Recent targets range as high as C$87.00.
• The company reported quarterly revenue of C$1.04 billion and earnings of C$0.70 per share, and declared a monthly dividend of C$0.07 per share, representing an approximately 1.1% yield.

Bird Construction Inc. (TSE:BDT - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$56.69 and traded as high as C$73.78. Bird Construction shares last traded at C$73.34, with a volume of 266,881 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Bird Construction from C$75.00 to C$85.00 in a research note on Thursday, August 13th. Stifel Nicolaus raised their price target on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Canaccord Genuity Group lifted their price objective on shares of Bird Construction from C$62.00 to C$83.00 in a report on Friday, August 14th. ATB Cormark Capital Markets boosted their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$75.60.

Bird Construction Trading Up 1.0%

The stock's fifty day simple moving average is C$69.71 and its 200-day simple moving average is C$56.69. The firm has a market cap of C$4.06 billion, a PE ratio of 68.54, a PEG ratio of 0.53 and a beta of 0.48. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

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

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 29th. Bird Construction's payout ratio is presently 78.50%.

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.

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