Bird Construction Inc. (TSE:BDT) Receives Average “Buy” Rating from Analysts
Shares of Bird Construction Inc. (TSE:BDT – Get Rating) have been given an average rating of “Buy” by the six research firms that currently cover the company, Marketbeat reports. Four investment analysts rated the stock with a Buy recommendation. The year-over-year average price target among brokerages that have updated their coverage on the stock over the past year is CA$11.92.
BDT has been the subject of several recent research reports. TD Securities lowered its target price on Bird Construction shares from C$12.50 to C$10.50 and set a “buy” rating for the company in a Friday, May 13 research report. Raymond James set a target price of C$13.50 on shares of Bird Construction and gave the stock an “outperforming” rating in a Thursday, May 12 research report. Finally, CIBC lowered its price target on Bird Construction shares from C$13.00 to C$12.00 and set an “outperform” rating for the company in a Thursday, May 12 report.
Shares of Bird Construction opened at C$8.62 on Friday. The company has a debt ratio of 63.26, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of C$462.85 million and a PE ratio of 10.95. Bird Construction has a 12-month low of C$7.61 and a 12-month high of C$10.78. The company’s 50-day moving average price is C$8.61 and its two-hundred-day moving average price is C$9.23.
Bird Construction (TSE:BDT – Get Rating) last released its results on Tuesday, May 10. The company reported EPS of C$0.12 for the quarter, reaching the consensus estimate of C$0.12. The company posted revenue of C$475.52 million in the quarter, compared to a consensus estimate of C$557.34 million. Equity analysts expect Bird Construction to post an EPS of 1.16 for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 20. Investors of record on Thursday, March 31 received a dividend of $0.032 per share. This represents an annualized dividend of $0.38 and a dividend yield of 4.45%. The ex-dividend date was Wednesday, March 30. Bird Construction’s dividend payout ratio is currently 28.91%.
About Bird Construction (Get an evaluation)
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 warehousing facilities; undertakes structural, mechanical, piping, electrical and instrumentation work which includes off-site fabrication of metal and modules; and provides insulation, metal facing and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.
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