TD Securities Raises Bird Construction (TSE:BDT) Price Target to C$30.00

Bird Construction (TSE:BDT) had its price objective upped by TD Securities from C$25.00 to C$30.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. ATB Capital raised their price objective on Bird Construction from C$23.00 to C$25.00 and gave the company an outperform rating in a research note on Wednesday, May 15th. CIBC raised their price objective on Bird Construction from C$20.00 to C$22.00 and gave the company a neutral rating in a research note on Thursday, May 16th. National Bankshares raised their price objective on Bird Construction from C$21.00 to C$23.00 and gave the company a sector perform rating in a research note on Tuesday. BMO Capital Markets raised their price objective on Bird Construction from C$25.00 to C$29.00 and gave the company an outperform rating in a research note on Tuesday. Finally, Canaccord Genuity Group raised their price objective on Bird Construction from C$21.00 to C$23.00 and gave the company a buy rating in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Bird Construction currently has an average rating of Moderate Buy and a consensus price target of C$26.78.

Bird Construction Stock Down 1.2 %

BDT opened at C$25.91 on Wednesday. The stock has a market cap of C$1.40 billion, a PE ratio of 19.48, a P/E/G ratio of 0.53 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. Bird Construction has a 52 week low of C$8.01 and a 52 week high of C$26.32. The business’s fifty day simple moving average is C$20.64 and its 200 day simple moving average is C$17.38.

Bird Construction (TSE:BDT) last released its earnings results on Tuesday, May 14th. The company reported C$0.20 EPS for the quarter, beating 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 return on equity of 24.03% and a net margin of 2.56%. As a group, research analysts expect that Bird Construction will post 1.8404534 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.047 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, May 31st. Bird Construction’s dividend payout ratio is currently 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.