Bird Construction Inc. (TSE:BDT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bird Construction Inc. (TSE:BDT) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$27.75.

Several equities analysts recently issued reports on the company. TD Securities raised their price objective on Bird Construction from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Stifel Nicolaus raised their price objective on Bird Construction from C$30.00 to C$31.00 in a research note on Friday, August 9th. CIBC raised their price objective on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group raised their price objective on Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

Bird Construction Stock Performance

Bird Construction stock opened at C$23.96 on Monday. The stock has a market cap of C$1.33 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. 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 50 day moving average of C$25.30 and a 200-day moving average of C$21.31. Bird Construction has a 52 week low of C$9.95 and a 52 week high of C$27.30.

Bird Construction (TSE:BDT) last released its 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. The company had revenue of C$873.54 million during the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. On average, analysts expect that Bird Construction will post 1.9502762 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.35%. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, August 30th. Bird Construction’s dividend payout ratio (DPR) is presently 35.90%.

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.