Bird Construction (TSE:BDT) Shares Cross Above 200 Day Moving Average – What’s Next?

Bird Construction Inc. (TSE:BDT) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$39.25 and traded as high as C$61.90. Bird Construction shares last traded at C$59.87, with a volume of 163,114 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on BDT shares. ATB Cormark Capital Markets upped their target price on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group lifted their price target on Bird Construction from C$50.00 to C$62.00 and gave the company a “buy” rating in a research report on Friday, May 15th. TD upped their price target on Bird Construction from C$63.00 to C$72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Jefferies Financial Group increased their price objective on Bird Construction from C$44.00 to C$63.00 in a report on Monday, April 27th. Finally, Stifel Nicolaus set a C$55.00 price objective on Bird Construction and gave the company a “buy” rating in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$59.20.

Bird Construction Stock Up 1.2%

The stock’s 50 day simple moving average is C$54.05 and its two-hundred day simple moving average is C$39.50. The firm has a market cap of C$3.43 billion, a P/E ratio of 68.79, a P/E/G ratio of 0.53 and a beta of 0.32. The company has a debt-to-equity ratio of 88.19, a current ratio of 1.24 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$783.37 million for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%. As a group, research 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 announced a monthly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th were issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s payout ratio is 93.33%.

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.