ATB Cormark Capital Markets Raises Bird Construction (TSE:BDT) Price Target to C$48.00

Bird Construction (TSE:BDT) had its target price upped by ATB Cormark Capital Markets from C$38.00 to C$48.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 6.69% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce raised their price target on Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. TD Securities lifted their target price on Bird Construction from C$31.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Canaccord Genuity Group lifted their target price on Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday. National Bank Financial lifted their target price on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial lifted their target price on Bird Construction from C$34.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus price target of C$49.13.

Bird Construction Stock Performance

Shares of TSE:BDT traded up C$0.99 during midday trading on Monday, hitting C$44.99. The company’s stock had a trading volume of 130,291 shares, compared to its average volume of 262,551. The stock has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 0.53 and a beta of 0.14. The stock’s 50 day simple moving average is C$36.20 and its 200 day simple moving average is C$31.52. Bird Construction has a fifty-two week low of C$20.32 and a fifty-two week high of C$48.52. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26.

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

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.