Bird Construction Inc. (TSE:BDT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bird Construction Inc. (TSE:BDT) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$32.44.

BDT has been the topic of several research analyst reports. National Bankshares raised their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Raymond James raised their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. BMO Capital Markets upped their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC lowered their price target on Bird Construction from C$31.00 to C$29.50 in a research report on Thursday. Finally, Stifel Nicolaus upped their price objective on Bird Construction from C$37.00 to C$38.00 in a report on Thursday.

Bird Construction Stock Down 1.6 %

BDT opened at C$29.08 on Friday. The stock’s 50 day moving average price is C$26.35 and its 200 day moving average price is C$24.50. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market cap of C$1.61 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$11.41 and a 12 month high of C$32.67.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (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 company had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. As a group, research analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. Bird Construction’s payout ratio is 53.85%.

About Bird Construction

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.