Bird Construction (TSE:BDT – Free Report) had its price target increased by BMO Capital Markets from C$30.00 to C$35.00 in a report published on Thursday, BayStreet.CA reports.
Several other equities research analysts have also commented on BDT. Stifel Nicolaus raised their price target on shares of Bird Construction from C$34.00 to C$37.00 in a research note on Thursday. ATB Capital increased their price objective on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. Raymond James increased their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday. TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a report on Thursday. Finally, Cibc World Mkts upgraded shares of Bird Construction to a hold rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$31.88.
Read Our Latest Analysis on Bird Construction
Bird Construction Price Performance
Bird Construction (TSE:BDT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Analysts anticipate that Bird Construction will post 2.5901804 earnings per share for the current year.
Bird Construction Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be given a $0.0467 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.72%. 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.
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