Bird Construction - BDT Stock Forecast, Price & News

Bird Construction Inc. operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines. The company also engages in the civil construction operations, such as site preparation and earthworks, underground piping, foundations, and other concrete services, as well as mine support and hydroelectric construction service; and civil infrastructure operations comprising road, bridge, rail, and underground utilities installation. In addition, it constructs and renovates hospitals, post-secondary education facilities, K-12 schools, recreation facilities, prisons, courthouses, government buildings, and long term care and senior housing facilities; and constructs and renovates office buildings, shopping malls, big box stores, hotels, and mixed-use high-rise and mid-rise residential projects, and well as offers electrical and related system services, which include electrical and mechanical infrastructure design and installation, data communications, security, and lifecycle services. It serves clients in the oil and gas, liquefied natural gas, mining, renewables, water and wastewater, nuclear, infrastructure, and residential sectors. Bird Construction Inc. was founded in 1920 and is based in Mississauga, Canada.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BDT shares. CIBC lowered Bird Construction from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from C$12.00 to C$9.00 in a research note on Wednesday, July 13th. TD Securities lowered Bird Construction from a "buy" rating to a "hold" rating and lowered their target price for the company from C$10.50 to C$8.00 in a report on Monday. Stifel Nicolaus cut their price target on Bird Construction from C$13.75 to C$9.50 in a research note on Monday, July 11th. Finally, Raymond James lowered their price objective on shares of Bird Construction from C$13.50 to C$12.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Bird Construction currently has an average rating of "Moderate Buy" and a consensus target price of C$10.57.

Bird Construction Trading Down 1.6 %

BDT Stock traded down C$0.11 on Tuesday, hitting C$6.94. 42,212 shares of the company were exchanged, compared to its average volume of 98,691. The company has a debt-to-equity ratio of 63.26, a current ratio of 1.22 and a quick ratio of 1.20. The stock has a market capitalization of C$372.64 million and a price-to-earnings ratio of 8.92. Bird Construction has a twelve month low of C$6.85 and a twelve month high of C$10.78. The business's fifty day moving average is C$7.65 and its two-hundred day moving average is C$8.53.

Bird Construction (TSE:BDT - Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported C$0.12 EPS for the quarter, hitting analysts' consensus estimates of C$0.12. The firm had revenue of C$475.52 million for the quarter, compared to analyst estimates of C$557.34 million. As a group, research analysts forecast that Bird Construction will post 1.07 earnings per share for the current year.

Bird Construction Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.0325 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.39 annualized dividend and a yield of 5.62%. Bird Construction's dividend payout ratio is presently 28.80%.