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

Key Points

• Bird Construction shares crossed above their 200-day moving average, trading as high as C$67.86 and last changing hands at C$67.70, versus a 200-day average of C$53.65.
• Analysts remain bullish: nine analysts rate the stock a Buy, while recent price-target increases put the consensus target at C$75.60, with individual targets reaching C$87.00.
• The company reported quarterly revenue of C$1.04 billion and EPS of C$0.70, and paid a monthly C$0.07 dividend, equivalent to a 1.2% yield; however, its payout ratio is relatively high at 78.5%.

Bird Construction Inc. (TSE:BDT - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$53.65 and traded as high as C$67.86. Bird Construction shares last traded at C$67.70, with a volume of 245,816 shares.

Analyst Ratings Changes

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

Bird Construction Stock Performance

The firm has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 63.27, a PEG ratio of 0.53 and a beta of 0.34. 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 firm has a 50 day moving average price of C$68.21 and a 200-day moving average price of C$53.65.

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 (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. As a group, sell-side analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th were paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, July 31st. Bird Construction's dividend payout ratio (DPR) 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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