Brokerages Set Bird Construction Inc. (TSE:BDT) PT at C$32.44

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

A number of brokerages have issued reports on BDT. Cibc World Mkts raised Bird Construction to a “hold” rating in a research note on Friday, August 9th. CIBC lowered their target price on shares of Bird Construction from C$31.00 to C$29.50 in a report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. Finally, ATB Capital upped their price objective on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th.

Bird Construction Stock Up 0.6 %

Shares of TSE BDT opened at C$30.85 on Wednesday. The firm has a market cap of C$1.71 billion, a P/E ratio of 19.78, 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 quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 1 year low of C$11.77 and a 1 year high of C$32.67. The firm’s 50 day moving average price is C$28.44 and its 200 day moving average price is C$25.54.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. The company had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. As a group, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a dividend of $0.07 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.72%. Bird Construction’s payout ratio 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.