Bird Construction (TSE:BDT) Sets New 1-Year High – Should You Buy?

Bird Construction Inc. (TSE:BDTGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$65.86 and last traded at C$65.30, with a volume of 60615 shares trading hands. The stock had previously closed at C$64.51.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BDT shares. ATB Cormark Capital Markets upped 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, May 15th. Canadian Imperial Bank of Commerce lifted their price target on shares of Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th. National Bank Financial set a C$57.00 price target on shares of Bird Construction and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Jefferies Financial Group increased their price objective on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Raymond James Financial raised their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$60.10.

Read Our Latest Stock Report on Bird Construction

Bird Construction Trading Up 1.4%

The company has a 50 day moving average of C$57.82 and a 200 day moving average of C$42.23. The firm has a market cap of C$3.62 billion, a price-to-earnings ratio of 72.69, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19.

Bird Construction (TSE:BDTGet Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The firm had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. Bird Construction’s dividend payout ratio (DPR) is 93.33%.

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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