Bird Construction Inc. (TSE:BDT – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$75.93 and traded as high as C$77.04. Bird Construction shares last traded at C$76.89, with a volume of 482,600 shares traded.
Analyst Upgrades and Downgrades
Several research firms have weighed in on BDT. Canaccord Genuity Group cut shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price objective for the company. in a research report on Thursday, October 15th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price target on shares of Bird Construction from C$83.00 to C$87.00 in a research note on Thursday, October 29th. National Bank Financial raised their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets raised their price target on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$76.00.
Bird Construction Trading Up 5.6%
The company has a market cap of C$4.26 billion, a P/E ratio of 71.86, a P/E/G ratio of 0.53 and a beta of -0.01. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The business has a 50-day moving average price of C$75.93 and a two-hundred day moving average price of C$57.96.
Bird Construction (TSE:BDT – Get Free Report) last posted its quarterly earnings results on Wednesday, November 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$1.30 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. On average, analysts predict that Bird Construction Inc. will post 2.76 EPS for the current year.
Bird Construction Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 30th. Bird Construction’s payout ratio is currently 78.50%.
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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