Raymond James set a C$9.00 price objective on Bird Construction (TSE:BDT) in a report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Bird Construction’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $0.65 EPS.
BDT has been the subject of several other reports. National Bank Financial decreased their price target on shares of Bird Construction from C$11.00 to C$9.50 and set an outperform rating for the company in a research report on Thursday, May 9th. Canaccord Genuity decreased their price target on shares of Bird Construction from C$7.50 to C$5.00 in a research report on Thursday. Finally, TD Securities decreased their price target on shares of Bird Construction from C$9.00 to C$8.50 and set a buy rating for the company in a research report on Thursday, May 9th.
BDT stock opened at C$5.05 on Thursday. The firm has a market cap of $221.94 million and a price-to-earnings ratio of -202.00. The firm has a 50-day simple moving average of C$5.44 and a two-hundred day simple moving average of C$6.40. Bird Construction has a one year low of C$4.88 and a one year high of C$8.36. The company has a debt-to-equity ratio of 61.38, a quick ratio of 1.13 and a current ratio of 1.15.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 20th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 7.72%. The ex-dividend date is Tuesday, July 30th. Bird Construction’s payout ratio is currently -1,560.00%.
About Bird Construction
Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.
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