Stifel Nicolaus Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Key Points

• Stifel Nicolaus raised its target on Bird Construction from C$36.00 to C$55.00 and kept a buy rating, implying about a 61.8% upside from recent levels.
• Shares traded around C$33.99 (market cap C$1.88B, PE 19.99) after the company reported C$0.57 EPS on C$877M revenue last quarter, and analysts' consensus remains a Buy with an average target of C$39.88.

Bird Construction (TSE:BDT - Get Free Report) had its target price hoisted by analysts at Stifel Nicolaus from C$36.00 to C$55.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 61.81% from the company's current price.

A number of other brokerages have also recently commented on BDT. Canaccord Genuity Group upped their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the company a "buy" rating in a report on Friday. Canadian Imperial Bank of Commerce dropped their price target on Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. Raymond James Financial set a C$34.00 price objective on Bird Construction and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. ATB Cormark Capital Markets lifted their target price on Bird Construction from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday. Finally, BMO Capital Markets dropped their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$39.88.

Bird Construction Stock Performance

Shares of BDT traded up C$1.15 during mid-day trading on Friday, reaching C$33.99. 396,926 shares of the company's stock were exchanged, compared to its average volume of 229,563. The business's fifty day simple moving average is C$30.83 and its 200-day simple moving average is C$28.96. The stock has a market capitalization of C$1.88 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. Bird Construction has a 52-week low of C$17.52 and a 52-week high of C$34.75. The company has a debt-to-equity ratio of 75.72, a current ratio of 1.28 and a quick ratio of 1.20.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 2.72% and a return on equity of 21.42%. On average, equities research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current year.

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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