Bird Construction (TSE:BDT) Hits New 52-Week High – Time to Buy?

Bird Construction Inc. (TSE:BDT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$52.15 and last traded at C$51.96, with a volume of 28550 shares trading hands. The stock had previously closed at C$51.63.

Analyst Upgrades and Downgrades

BDT has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Bird Construction from C$38.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their target price on shares of Bird Construction from C$40.00 to C$52.00 in a research report on Thursday, April 9th. Stifel Nicolaus set a C$55.00 target price on shares of Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. TD increased their price target on Bird Construction from C$44.00 to C$63.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, National Bank Financial raised their price target on Bird Construction from C$39.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$52.90.

Bird Construction Stock Up 1.0%

The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66. The stock has a market cap of C$3.05 billion, a P/E ratio of 64.07, a PEG ratio of 0.53 and a beta of 0.34. The company’s 50 day moving average price is C$39.64 and its two-hundred day moving average price is C$32.77.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share (EPS) for the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. The company had revenue of C$877.01 million during the quarter. Equities analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, April 30th. Bird Construction’s dividend payout ratio is 97.67%.

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.