Bird Construction Inc. (TSE:BDT – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.69 and traded as high as C$23.34. Bird Construction shares last traded at C$22.45, with a volume of 167,391 shares changing hands.
Analysts Set New Price Targets
Several brokerages recently issued reports on BDT. Raymond James upped their price target on shares of Bird Construction from C$20.50 to C$25.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. CIBC increased their price target on shares of Bird Construction from C$25.50 to C$26.00 in a research note on Friday. National Bankshares raised their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Tuesday, June 11th. ATB Capital upped their price objective on Bird Construction from C$29.00 to C$33.00 in a report on Friday. Finally, BMO Capital Markets lifted their target price on Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$27.63.
View Our Latest Stock Report on BDT
Bird Construction Trading Up 3.7 %
Bird Construction (TSE:BDT – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a return on equity of 25.39% and a net margin of 2.59%. As a group, research analysts predict that Bird Construction Inc. will post 1.9383117 earnings per share for the current fiscal year.
Bird Construction Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 20th will be paid a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, July 31st. Bird Construction’s payout ratio is presently 39.44%.
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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