Bird Construction (TSE:BDT) PT Raised to C$28.00 at National Bankshares

Bird Construction (TSE:BDT) had its price target lifted by National Bankshares from C$23.00 to C$28.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Cibc World Mkts raised shares of Bird Construction to a hold rating in a report on Friday, August 9th. CIBC increased their price target on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. TD Securities lifted their price objective on Bird Construction from C$31.00 to C$36.00 in a report on Thursday. Stifel Nicolaus increased their target price on Bird Construction from C$34.00 to C$37.00 in a research note on Thursday. Finally, ATB Capital lifted their price target on shares of Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$31.88.

Bird Construction Stock Down 2.0 %

Shares of Bird Construction stock opened at C$31.90 on Thursday. Bird Construction has a 12 month low of C$10.06 and a 12 month high of C$32.67. The business has a fifty day simple moving average of C$23.73 and a 200 day simple moving average of C$22.87. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The stock has a market cap of C$1.77 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. The business had revenue of C$873.54 million for the quarter, compared to the consensus estimate of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. Research analysts predict that Bird Construction will post 2.5901804 EPS for the current year.

Bird Construction Cuts Dividend

The firm also recently disclosed 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 yield of 1.76%. Bird Construction’s dividend payout ratio is 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.