Bird Construction (TSE:BDT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Bird Construction Inc. (TSE:BDT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.35 and traded as high as C$30.43. Bird Construction shares last traded at C$30.32, with a volume of 192,734 shares changing hands.

Wall Street Analysts Forecast Growth

BDT has been the topic of a number of research reports. Canadian Imperial Bank of Commerce dropped their price target on shares of Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. TD Securities boosted their target price on Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Raymond James Financial set a C$34.00 target price on Bird Construction and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. BMO Capital Markets reduced their price target on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Finally, ATB Cormark Capital Markets boosted their price target on Bird Construction from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat, Bird Construction has an average rating of “Buy” and a consensus target price of C$35.50.

Bird Construction Price Performance

The company’s 50-day simple moving average is C$29.71 and its 200 day simple moving average is C$28.35. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$951.43 million during the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%. Equities research analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 2.8%. Bird Construction’s dividend payout ratio is presently 48.04%.

About Bird Construction

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.