Bird Construction Inc. (TSE:BDT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bird Construction Inc. (TSE:BDT) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$27.75.

A number of research analysts recently issued reports on BDT shares. Raymond James lifted their target price on Bird Construction from C$20.50 to C$25.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Cibc World Mkts raised Bird Construction to a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus upped their target price on shares of Bird Construction from C$30.00 to C$31.00 in a research note on Friday, August 9th. BMO Capital Markets lifted their price target on shares of Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. Finally, Canaccord Genuity Group boosted their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th.

Bird Construction Stock Performance

TSE BDT opened at C$23.96 on Monday. The company has a market cap of C$1.33 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 1-year low of C$9.95 and a 1-year high of C$27.30. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a 50-day moving average of C$25.26 and a two-hundred day moving average of C$21.46.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, analysts anticipate that Bird Construction will post 1.9502762 EPS for the current year.

Bird Construction Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.047 dividend. This represents a $0.56 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s dividend payout ratio is currently 35.90%.

Bird Construction Company Profile

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.