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

Bird Construction (TSE:BDT) had its price objective boosted by TD Securities from C$31.00 to C$36.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

BDT has been the subject of several other research reports. CIBC boosted their target price on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. ATB Capital boosted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th. Cibc World Mkts upgraded shares of Bird Construction to a hold rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$31.00 to C$34.00 in a research note on Friday, October 4th. Finally, BMO Capital Markets upped their price target on shares of Bird Construction from C$29.00 to C$30.00 in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Bird Construction currently has a consensus rating of Moderate Buy and a consensus price target of C$31.88.

Bird Construction Trading Down 2.0 %

TSE BDT opened at C$31.90 on Thursday. The company’s fifty day simple moving average is C$23.73 and its 200-day simple moving average is C$22.87. Bird Construction has a 52 week low of C$10.06 and a 52 week high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The stock has a market cap of C$1.77 billion, a P/E ratio of 20.45, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.38 by C$0.04. The firm had revenue of C$873.54 million for the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. Equities research analysts predict that Bird Construction will post 2.5901804 EPS for the current fiscal year.

Bird Construction Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.0467 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.56 annualized dividend and a yield of 1.76%. Bird Construction’s dividend payout ratio (DPR) is presently 35.90%.

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.