Bird Construction (TSE:BDT) Price Target Raised to C$38.00 at Stifel Nicolaus

Bird Construction (TSE:BDT) had its price target hoisted by research analysts at Stifel Nicolaus from C$37.00 to C$38.00 in a research note issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 30.40% from the company’s current price.

A number of other equities analysts have also recently weighed in on BDT. TD Securities lifted their price target on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. ATB Capital upped their price target on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. CIBC lifted their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. BMO Capital Markets increased their target price on Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, National Bankshares upped their target price on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$32.44.

Bird Construction Price Performance

Shares of BDT traded up C$0.78 during midday trading on Thursday, reaching C$29.14. The stock had a trading volume of 175,685 shares, compared to its average volume of 146,245. 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 company has a market capitalization of C$1.61 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.53 and a beta of 1.05. The firm’s 50 day moving average price is C$26.10 and its 200-day moving average price is C$24.39. Bird Construction has a 52 week low of C$11.41 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings data 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. The company had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

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.