Bird Construction (TSE:BDT) Stock Rating Lowered by BMO Capital Markets

Bird Construction (TSE:BDT) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, Marketbeat.com reports. They currently have a C$55.00 price target on the stock, up from their prior price target of C$52.00. BMO Capital Markets’ target price suggests a potential downside of 5.74% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. TD Securities upped their price objective on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Canaccord Genuity Group raised their target price on shares of Bird Construction from C$37.00 to C$50.00 and gave the stock a “buy” rating in a report on Friday, April 17th. National Bank Financial lifted their price target on shares of Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. TD lifted their price objective on shares of Bird Construction from C$44.00 to C$63.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$56.40.

Bird Construction Stock Up 14.2%

Shares of TSE:BDT opened at C$58.35 on Thursday. The business has a fifty day simple moving average of C$43.01 and a 200 day simple moving average of C$34.06. Bird Construction has a 12-month low of C$22.40 and a 12-month high of C$58.36. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 88.19. The firm has a market cap of C$3.23 billion, a P/E ratio of 67.85, a P/E/G ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, March 11th. The company reported C$0.57 EPS for the quarter. The company had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. Analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Company Profile

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.