Bird Construction Inc. (TSE:BDT) Given Average Recommendation of “Moderate Buy” by Brokerages

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$33.00.

A number of research analysts recently issued reports on BDT shares. ATB Capital lifted their price target on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. TD Securities upped their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, CIBC upped their price objective on Bird Construction from C$29.50 to C$34.00 in a report on Friday, December 13th.

Bird Construction Stock Up 0.7 %

BDT opened at C$22.69 on Thursday. The firm has a market cap of C$1.26 billion, a price-to-earnings ratio of 14.54, a PEG 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. The firm’s 50-day simple moving average is C$27.19 and its 200-day simple moving average is C$26.23. Bird Construction has a twelve month low of C$14.60 and a twelve month high of C$32.67.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The firm had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. Equities research analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 annualized dividend and a dividend yield of 3.70%. Bird Construction’s payout ratio is currently 53.85%.

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.