Bird Construction (TSE:BDT) Stock Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bird Construction shares broke above their 200-day moving average, reaching C$72.57 before last trading at C$68.46, compared with a 200-day average of C$65.08.
• Analyst sentiment remains favorable, with eight Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of C$75.60. Recent targets range from C$83 to C$92, though Canaccord downgraded the stock to Hold.
• The company reported quarterly EPS of C$0.70 on C$1.04 billion in revenue and announced a monthly dividend of C$0.07, equivalent to C$0.84 annually and a 1.2% yield.

Bird Construction Inc. (TSE:BDT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$65.08 and traded as high as C$72.57. Bird Construction shares last traded at C$68.46, with a volume of 518,759 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BDT shares. Canadian Imperial Bank of Commerce increased their price objective on Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. ATB Cormark Capital Markets boosted their target price on Bird Construction from C$57.00 to C$87.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. National Bank Financial upped their price target on 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 downgraded Bird Construction from a "buy" rating to a "hold" rating and set a C$83.00 price target for the company. in a research report on Thursday, October 15th. Finally, 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. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$75.60.

Bird Construction Trading Down 7.2%

The firm has a market cap of C$3.79 billion, a price-to-earnings ratio of 63.98, a P/E/G ratio of 0.53 and a beta of 0.14. 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 business has a 50-day moving average of C$75.10 and a 200-day moving average of C$65.08.

Bird Construction (TSE:BDT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 EPS 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. Research analysts anticipate that Bird Construction Inc. will post 2.76 EPS for the current year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.2%. Bird Construction's dividend payout ratio (DPR) is currently 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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