Brokerages establish Bird Construction Inc. (TSE:BDT) PT at $28.13

Shares of Bird Construction Inc. (TSE:BDT – Get Your Free Report ) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.88.

Several equities analysts recently issued reports on the company. National Bankshares raised their price objective on Bird Construction from $23.00 to $28.00 in a report on Thursday. CIBC raised their target price on Bird Construction from $25.50 to $26.00 in a research note on Friday, August 9th. Raymond James boosted their price target on Bird Construction from $30.00 to $35.00 in a research note on Thursday. Stifel Nicolaus boosted their price target on Bird Construction from $34.00 to $37.00 in a research report on Thursday. Finally, Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research report on Friday, August 9th.

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Shares of TSE BDT opened at $32.55 on Tuesday. The stock has a market cap of $1.80 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of $10.06 and a 52-week high of $32.67. The company has a 50-day moving average price of $23.61 and a 200-day moving average price of $22.80. The company has a quick ratio of 1.20, a current ratio of 1.25, and a debt-to-equity ratio of 70.40.

Bird Construction (TSE:BDT – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $873.54 million for the quarter, compared to analysts’ expectations of $772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. equities research analysts forecast that Bird Construction will post 2.5901804 earnings per share for the current year.

Bird construction reduces dividends

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.0467 per share. This represents a dividend of $0.56 on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, October 31. Bird Construction’s dividend payout ratio is currently 35.90%.

Bird Construction company profile

(Get a free report

Bird Construction Inc provides construction services in Canada. The company focuses primarily on projects in the industrial, institutional and infrastructure markets. Constructs large and complex industrial buildings, including manufacturing, processing, distribution and storage facilities; and provides electrical and instrumentation services, high voltage testing and commissioning, as well as construction of power lines, structural, mechanical and piping, including off-site metal and modular fabrication.

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