Bird Construction Inc. (TSE:BDT) Given Average Recommendation of “Moderate Buy” by Brokerages

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$27.75.

BDT has been the subject of a number of research reports. Cibc World Mkts raised Bird Construction to a “hold” rating in a research note on Friday, August 9th. National Bankshares boosted their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. ATB Capital increased their price target on shares of Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. BMO Capital Markets lifted their price objective on shares of Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. Finally, Stifel Nicolaus increased their target price on shares of Bird Construction from C$30.00 to C$31.00 in a report on Friday, August 9th.

Bird Construction Trading Up 0.8 %

Shares of BDT stock opened at C$22.64 on Friday. Bird Construction has a 1-year low of C$9.95 and a 1-year high of C$27.30. The firm has a market cap of C$1.25 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a 50-day moving average of C$24.06 and a two-hundred day moving average of C$22.13. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million during the quarter, compared to analysts’ expectations of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, analysts predict that Bird Construction will post 2.6178195 EPS for the current year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a $0.047 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. Bird Construction’s dividend payout ratio is currently 35.90%.

Bird Construction Company Profile

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