ATB Capital Increases Bird Construction (TSE:BDT) Price Target to C$11.50

Bird Construction (TSE:BDT) had its target price upped by ATB Capital from C$11.00 to C$11.50 in a report issued on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on the stock. Raymond James reissued an outperform rating and set a C$12.00 price objective on shares of Bird Construction in a report on Wednesday. Laurentian lifted their price objective on shares of Bird Construction from C$11.00 to C$11.50 in a report on Thursday. National Bank Financial cut their price objective on shares of Bird Construction from C$11.00 to C$10.50 and set a na rating on the stock in a report on Thursday, March 11th. CIBC reaffirmed an outperform rating on shares of Bird Construction in a report on Friday, January 15th. Finally, TD Securities lifted their price target on shares of Bird Construction from C$10.50 to C$11.50 and gave the stock a buy rating in a report on Thursday. Six analysts have rated the stock with a buy rating, Bird Construction currently has a consensus rating of Buy and an average price target of C$10.94.

Shares of BDT stock opened at C$9.91 on Thursday. The firm has a market cap of C$525.62 million and a price-to-earnings ratio of 12.45. The company’s 50 day moving average is C$9.04 and its 200 day moving average is C$8.28. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 65.59. Bird Construction has a 52-week low of C$5.24 and a 52-week high of C$9.96.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Tuesday, March 9th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.17 by C$0.24. The business had revenue of C$554.96 million for the quarter, compared to analysts’ expectations of C$597.95 million. Analysts anticipate that Bird Construction will post 0.84 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 18th. Stockholders of record on Monday, May 31st will be issued a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, May 28th. Bird Construction’s dividend payout ratio (DPR) is presently 48.99%.

About Bird Construction

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

Featured Story: Cost of Capital Explained

Analyst Recommendations for Bird Construction (TSE:BDT)

Receive News & Ratings for Bird Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bird Construction and related companies with's FREE daily email newsletter.