Shares of Bird Construction Inc. (TSE:BDT – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$56.82 and last traded at C$56.69, with a volume of 161485 shares. The stock had previously closed at C$51.09.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. TD lifted their target price on Bird Construction from C$44.00 to C$63.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. BMO Capital Markets cut shares of Bird Construction from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$52.00 to C$55.00 in a report on Thursday. Raymond James Financial raised their price target on shares of Bird Construction from C$44.00 to C$54.00 in a research note on Wednesday, April 29th. Stifel Nicolaus set a C$55.00 price objective on shares of Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group upped their target price on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.20.
Check Out Our Latest Research Report on BDT
Bird Construction Stock Up 11.0%
Bird Construction (TSE:BDT – Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. On average, equities analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.
Bird Construction Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is presently 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.
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