Bird Construction Inc. (TSE:BDT) Given Average Rating of “Buy” by Analysts

Shares of Bird Construction Inc. (TSE:BDT) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$31.61.

A number of research firms recently commented on BDT. National Bankshares cut their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. Raymond James raised shares of Bird Construction from an “outperform” rating to a “strong-buy” rating and set a C$35.00 price objective on the stock in a research note on Tuesday, April 22nd. Cibc World Mkts raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. Stifel Nicolaus decreased their price target on Bird Construction from C$37.00 to C$34.50 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Canaccord Genuity Group dropped their price objective on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, March 14th.

Bird Construction Stock Performance

TSE BDT opened at C$23.11 on Friday. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$32.67. The stock has a fifty day simple moving average of C$21.04 and a 200 day simple moving average of C$24.85. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.63%. Bird Construction’s dividend payout ratio (DPR) is presently 50.87%.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.