Bird Construction (TSE:BDT) Price Target Raised to C$36.00

Bird Construction (TSE:BDT) had its price target boosted by CIBC from C$34.00 to C$36.00 in a research note released on Monday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. ATB Capital lifted their price objective on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. 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 raised their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. National Bankshares lifted their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$33.25.

Bird Construction Stock Up 2.7 %

Bird Construction stock opened at C$24.15 on Monday. Bird Construction has a 12 month low of C$15.08 and a 12 month high of C$32.67. The stock has a market capitalization of C$1.34 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. 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 business has a 50 day simple moving average of C$25.93 and a 200-day simple moving average of C$26.05.

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

Bird Construction Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.48%. Bird Construction’s dividend payout ratio (DPR) is presently 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.