Bird Construction (TSE:BDT) Sets New 1-Year High – What’s Next?

Bird Construction Inc. (TSE:BDT)’s share price hit a new 52-week high on Monday . The stock traded as high as C$32.67 and last traded at C$32.35, with a volume of 90342 shares. The stock had previously closed at C$31.82.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BDT. Canadian Imperial Bank of Commerce decreased their target price on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. BMO Capital Markets lowered their price objective on shares of Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, ATB Cormark Capital Markets downgraded shares of Bird Construction from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$35.50.

Bird Construction Price Performance

The stock has a market cap of C$1.82 billion, a P/E ratio of 19.34, a P/E/G ratio of 0.53 and a beta of 0.68. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The business has a 50 day simple moving average of C$30.26 and a 200-day simple moving average of C$28.51.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share for the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%.The business had revenue of C$951.43 million during the quarter. On average, sell-side analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Company Profile

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.