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

A number of research firms have weighed in on BDT. National Bankshares decreased their price target on Bird Construction from C$12.00 to C$9.00 in a research note on Thursday. ATB Capital lowered their price objective on shares of Bird Construction from C$12.75 to C$10.00 in a research note on Thursday. CIBC downgraded Bird Construction from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from C$12.00 to C$9.00 in a research report on Wednesday, July 13th. TD Securities downgraded Bird Construction from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$10.50 to C$8.00 in a research note on Monday. Finally, Raymond James cut their price target on Bird Construction from C$12.00 to C$11.00 and set an "outperform" rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Bird Construction has a consensus rating of "Moderate Buy" and a consensus target price of C$9.64.

Bird Construction Price Performance

Bird Construction stock opened at C$7.05 on Friday. The firm has a market cap of C$378.55 million and a PE ratio of 8.92. 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's fifty day moving average price is C$7.56 and its two-hundred day moving average price is C$8.49. Bird Construction has a one year low of C$6.85 and a one year high of C$10.78.

Bird Construction (TSE:BDT - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported C$0.12 EPS for the quarter, meeting analysts' consensus estimates of C$0.12. The company had revenue of C$475.52 million during the quarter, compared to analyst estimates of C$557.34 million. As a group, research analysts expect that Bird Construction will post 1.0356363 EPS for the current fiscal year.

Bird Construction Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 19th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, July 28th. Bird Construction's dividend payout ratio is presently 28.80%.