Raymond James Financial Issues Positive Forecast for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its target price raised by stock analysts at Raymond James Financial from C$34.00 to C$44.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 29.45% from the stock’s previous close.

Several other equities analysts have also recently weighed in on BDT. National Bank Financial raised their target price on shares of Bird Construction from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets cut their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research note on Thursday, November 13th. Stifel Nicolaus lifted their price objective on shares of Bird Construction from C$36.00 to C$55.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce lowered their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. Finally, Canaccord Genuity Group upped their target price on shares of Bird Construction from C$33.00 to C$37.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$39.88.

Bird Construction Stock Up 3.5%

BDT traded up C$1.15 on Friday, hitting C$33.99. 396,926 shares of the company were exchanged, compared to its average volume of 229,563. The stock’s fifty day moving average is C$30.83 and its 200-day moving average is C$28.96. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$34.75. The company has a debt-to-equity ratio of 75.72, a quick ratio of 1.20 and a current ratio of 1.28. The company has a market cap of C$1.88 billion, a PE ratio of 19.99, a PEG ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The firm had revenue of C$877.01 million during the quarter. Bird Construction had a return on equity of 21.42% and a net margin of 2.72%. Equities research analysts predict that Bird Construction will post 2.7598533 EPS for the current fiscal year.

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.