Bird Construction Inc. (TSE:BDT) Given Average Recommendation of “Buy” by Analysts

Shares of Bird Construction Inc. (TSE:BDT) have received an average recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$75.60.

A number of analysts recently weighed in on BDT shares. BMO Capital Markets increased their price target on shares of Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. Raymond James Financial boosted their price objective on shares of Bird Construction from C$54.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Jefferies Financial Group upped their target price on shares of Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. National Bank Financial increased their target price on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Bird Construction from C$71.00 to C$83.00 in a research report on Friday, August 14th.

Bird Construction Trading Down 4.1%

TSE BDT opened at C$71.41 on Friday. Bird Construction has a 12 month low of C$22.40 and a 12 month high of C$78.64. The stock has a 50-day simple moving average of C$66.78 and a 200 day simple moving average of C$51.28. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 93.81. The company has a market capitalization of C$3.96 billion, a PE ratio of 66.74, 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, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. Research analysts forecast that Bird Construction will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 20th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Bird Construction’s dividend payout ratio (DPR) is presently 78.50%.

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.