TD Securities lowers the target price of Bird Construction (TSE:BDT) to C$10.50

Bird Building (TSE: BDT – Get Appraisal) saw its price target lowered by analysts at TD Securities from C$12.50 to C$10.50 in a research report released on Friday, BayStreet.CA reports. The company currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 32.91% from the stock’s previous close.

Several other research analysts also weighed in on the stock. Raymond James set a target price of C$13.50 on shares of Bird Construction and gave the stock an “outperforming” rating in a research note on Thursday. CIBC cut its price target on Bird Construction shares from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report released Thursday. Five equity research analysts gave the stock a buy rating. According to MarketBeat, the company currently has a consensus buy rating and an average target price of C$11.92.

BDT opened at C$7.90 on Friday. The company has a debt ratio of 64.91, a current ratio of 1.21 and a quick ratio of 1.19. The company has a fifty-day moving average price of C$8.87 and a 200-day moving average price of C$9.44. Bird Construction has a 1 year minimum of C$7.61 and a 1 year maximum of C$10.78. The stock has a market capitalization of C$424.19 million and a P/E ratio of 9.84.

Bird Construction (TSE:BDT – Get Rating) last released its results on Tuesday, March 8. The company reported EPS of C$0.24 for the quarter, beating consensus analyst estimates of C$0.21 by C$0.03. The company posted revenue of C$597.80 million in the quarter, compared to analyst estimates of C$627.30 million. Equity analysts expect Bird Construction to post EPS of 1.15 for the current year.

Bird Construction Company Profile (Get a 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 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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