Bird Construction (TSE:BDT) Stock Crosses Above 200-Day Moving Average – What’s Next?

Bird Construction Inc. (TSE:BDTGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$51.96 and traded as high as C$71.40. Bird Construction shares last traded at C$69.00, with a volume of 358,925 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James Financial increased their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus lifted their target price on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Jefferies Financial Group boosted their target price on Bird Construction from C$44.00 to C$63.00 in a research report on Monday, April 27th. National Bank Financial boosted their target price on Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, TD increased their price target on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bird Construction presently has an average rating of “Buy” and a consensus target price of C$75.60.

View Our Latest Analysis on Bird Construction

Bird Construction Price Performance

The firm’s 50-day moving average is C$67.44 and its two-hundred day moving average is C$51.96. The company has a market cap of C$3.82 billion, a P/E ratio of 64.49, a PEG ratio of 0.53 and a beta of 0.34. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

Bird Construction (TSE:BDTGet Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. The company had revenue of C$1.04 billion for the quarter. Analysts anticipate that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 20th were given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, July 31st. Bird Construction’s dividend payout ratio is currently 78.50%.

Bird Construction Company Profile

(Get Free Report)

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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