CIBC Cuts Bird Construction (TSE:BDT) Price Target to C$29.50

Bird Construction (TSE:BDT) had its price objective cut by analysts at CIBC from C$31.00 to C$29.50 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 1.24% from the stock’s previous close.

BDT has been the topic of several other research reports. BMO Capital Markets lifted their price target on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Raymond James increased their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. National Bankshares lifted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Finally, Cibc World Mkts upgraded Bird Construction to a “hold” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$32.44.

Bird Construction Stock Performance

Shares of TSE:BDT traded up C$0.78 during midday trading on Thursday, reaching C$29.14. The company’s stock had a trading volume of 175,685 shares, compared to its average volume of 146,245. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The stock has a fifty day moving average of C$26.10 and a 200 day moving average of C$24.39. Bird Construction has a twelve month low of C$11.41 and a twelve month high of C$32.67. The firm has a market capitalization of C$1.61 billion, a PE ratio of 18.91, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The business had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. On average, equities analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.