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

Shares of Bird Construction Inc. (TSE:BDT) have received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$44.50.

A number of analysts have commented on BDT shares. Canaccord Genuity Group lifted their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, March 13th. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, March 16th. BMO Capital Markets lifted their target price on shares of Bird Construction from C$38.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Raymond James Financial lifted their target price on shares of Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, March 13th.

Bird Construction Price Performance

BDT opened at C$45.09 on Friday. Bird Construction has a one year low of C$20.24 and a one year high of C$48.52. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The company’s 50 day simple moving average is C$35.66 and its 200-day simple moving average is C$31.31. The stock has a market capitalization of C$2.50 billion, a P/E ratio of 52.43, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The business had revenue of C$877.01 million for the quarter. Sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s payout ratio is currently 97.67%.

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.