Bird Construction (TSE:BDT) Given a C$55.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$55.00 price objective on Bird Construction (TSE:BDT) in a report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

BDT has been the subject of several other research reports. ATB Cormark Capital Markets lifted their price objective on shares of Bird Construction from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bird Construction from C$40.00 to C$52.00 in a research note on Thursday, April 9th. Raymond James Financial raised their target price on shares of Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, March 13th. National Bank Financial raised their target price on shares of Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Canaccord Genuity Group raised their target price on shares of Bird Construction from C$37.00 to C$50.00 and gave the company a “buy” rating in a report on Friday. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$47.88.

Bird Construction Price Performance

Shares of Bird Construction stock opened at C$44.00 on Friday. Bird Construction has a twelve month low of C$20.32 and a twelve month high of C$48.52. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66. The company has a 50-day simple moving average of C$36.20 and a two-hundred day simple moving average of C$31.50. The stock has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share 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 during the quarter. Analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The company 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 $0.07 dividend. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is currently 97.67%.

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.