Bird Construction (TSE:BDT – Free Report) had its price target increased by Raymond James Financial from C$54.00 to C$60.00 in a research report report published on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.
Several other brokerages also recently weighed in on BDT. ATB Cormark Capital Markets raised their target price on Bird Construction from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research note on Friday. TD raised their target price on Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. National Bank Financial raised their target price on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Canaccord Genuity Group increased their price target on shares of Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, TD Securities increased their price target on shares of 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. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$56.40.
Check Out Our Latest Analysis on BDT
Bird Construction Stock Up 14.2%
Bird Construction (TSE:BDT – Get Free Report) last announced its earnings results 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 return on equity of 11.25% and a net margin of 1.43%. As a group, equities analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.
Bird Construction Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.4%. Bird Construction’s dividend payout ratio (DPR) is presently 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.
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