Bird Construction Inc. (TSE:BDT – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment 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 analysts that have issued ratings on the stock in the last year is C$31.88.
BDT has been the subject of several research reports. Raymond James lifted their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a report on Friday, August 9th. ATB Capital increased their target price on shares of Bird Construction from C$33.00 to C$35.00 in a report on Thursday. National Bankshares lifted their price target on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday. Finally, TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday.
Get Our Latest Research Report on Bird Construction
Bird Construction Trading Down 2.0 %
Bird Construction (TSE:BDT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The business had revenue of C$873.54 million for 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%. As a group, research analysts predict that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.
Bird Construction Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.76%. Bird Construction’s payout ratio is currently 35.90%.
About Bird Construction
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.
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