Bird Construction (TSE:BDT) PT Set at C$13.50 by Raymond James

Bird Construction (TSE:BDTGet Rating) has been assigned a C$13.50 target price by research analysts at Raymond James in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 70.89% from the company’s current price. Raymond James also issued estimates for Bird Construction’s Q2 2022 earnings at $0.27 EPS, Q3 2022 earnings at $0.31 EPS, Q1 2023 earnings at $0.14 EPS, Q2 2023 earnings at $0.31 EPS, Q3 2023 earnings at $0.36 EPS and Q4 2023 earnings at $0.39 EPS.

BDT opened at C$7.90 on Thursday. Bird Construction has a 12-month low of C$7.61 and a 12-month high of C$10.78. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 64.91. The business’s fifty day simple moving average is C$8.87 and its 200-day simple moving average is C$9.44. The company has a market capitalization of C$424.19 million and a price-to-earnings ratio of 9.84.

Bird Construction (TSE:BDTGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The company reported C$0.24 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.03. The company had revenue of C$597.80 million for the quarter, compared to the consensus estimate of C$627.30 million. On average, equities research analysts predict that Bird Construction will post 1.15 EPS for the current year.

About Bird Construction (Get Rating)

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.

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