Bird Construction (TSE:BDT) PT Raised to C$29.00

Bird Construction (TSE:BDT) had its target price upped by BMO Capital Markets from C$25.00 to C$29.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. CIBC upped their target price on Bird Construction from C$20.00 to C$22.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. TD Securities raised their target price on Bird Construction from C$22.00 to C$25.00 and gave the company a buy rating in a research note on Friday, May 17th. Stifel Nicolaus boosted their price target on shares of Bird Construction from C$25.00 to C$30.00 and gave the stock a buy rating in a research report on Tuesday. Canaccord Genuity Group raised their price objective on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Finally, Raymond James increased their target price on shares of Bird Construction from C$20.50 to C$25.00 and gave the company an outperform rating in a research note on Thursday, May 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$26.78.

Bird Construction Trading Down 1.2 %

Shares of TSE BDT opened at C$25.91 on Tuesday. The company has a market cap of C$1.40 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. The stock’s 50 day simple moving average is C$20.64 and its 200 day simple moving average is C$17.38. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 46.93. Bird Construction has a 12-month low of C$8.01 and a 12-month high of C$26.32.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.03. The business had revenue of C$688.20 million for the quarter, compared to analysts’ expectations of C$594.63 million. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. Equities research analysts expect that Bird Construction will post 1.8404534 EPS for the current year.

Bird Construction Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $0.047 dividend. This is an increase from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.56 annualized dividend and a dividend yield of 2.18%. Bird Construction’s dividend payout ratio (DPR) is presently 42.11%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.