Bird Construction Inc. (TSE:BDT) Receives C$35.50 Consensus PT from Brokerages

Bird Construction Inc. (TSE:BDT) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$35.50.

BDT has been the topic of several research analyst reports. ATB Capital boosted their target price 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. Stifel Nicolaus raised their price target on Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Raymond James Financial set a C$34.00 price objective on shares of Bird Construction and gave the company an “outperform” rating in a research report on Tuesday, January 20th. CIBC decreased their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. Finally, BMO Capital Markets reduced their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th.

Insider Activity

In other news, insider Wayne Richard Gingrich bought 4,000 shares of the stock in a transaction dated Friday, November 14th. The stock was bought at an average price of C$25.39 per share, for a total transaction of C$101,560.00. Following the purchase, the insider directly owned 8,000 shares in the company, valued at C$203,120. This trade represents a 100.00% increase in their position. Over the last three months, insiders purchased 8,300 shares of company stock valued at $210,360. 3.03% of the stock is currently owned by corporate insiders.

Bird Construction Price Performance

BDT stock opened at C$30.48 on Monday. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 0.53 and a beta of 0.63. The firm’s 50-day moving average price is C$28.56 and its two-hundred day moving average price is C$28.22. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 12-month low of C$17.52 and a 12-month high of C$31.76.

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

Bird Construction Announces Dividend

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

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.