Bird Construction (TSE:BDT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Bird Construction Inc. (TSE:BDT) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$48.81 and traded as high as C$71.45. Bird Construction shares last traded at C$70.08, with a volume of 206,191 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on BDT. BMO Capital Markets increased their price target on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, May 25th. Canadian Imperial Bank of Commerce upped their price objective on Bird Construction from C$65.00 to C$71.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 8th. TD increased their price objective on Bird Construction from C$63.00 to C$72.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Jefferies Financial Group raised their target price on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, National Bank Financial boosted their target price on shares of Bird Construction from C$57.00 to C$72.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$62.60.

Bird Construction Trading Down 1.2%

The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20. The business has a 50-day simple moving average of C$65.38 and a two-hundred day simple moving average of C$49.08. The stock has a market cap of C$3.74 billion, a price-to-earnings ratio of 74.93, a P/E/G ratio of 0.53 and a beta of 0.34.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$783.37 million during the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. Equities analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Bird Construction’s payout ratio is 93.33%.

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.