Bird Construction (TSE:BDT) PT Raised to C$35.00

Bird Construction (TSE:BDT) had its target price hoisted by Raymond James from C$30.00 to C$35.00 in a report released on Thursday morning, BayStreet.CA reports. Raymond James also issued estimates for Bird Construction’s Q1 2025 earnings at $0.35 EPS, FY2025 earnings at $2.65 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $1.10 EPS, FY2026 earnings at $3.35 EPS and FY2027 earnings at $4.00 EPS.

BDT has been the subject of several other reports. Stifel Nicolaus boosted their price objective on shares of Bird Construction from C$34.00 to C$37.00 in a research report on Thursday. ATB Capital boosted their price target on Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. TD Securities lifted their target price on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday. Cibc World Mkts raised Bird Construction to a hold rating in a research note on Friday, August 9th. Finally, BMO Capital Markets upped their price objective on shares of Bird Construction from C$29.00 to C$30.00 in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$31.88.

Bird Construction Price Performance

Shares of TSE BDT opened at C$31.90 on Thursday. Bird Construction has a fifty-two week low of C$10.06 and a fifty-two week high of C$32.67. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The business has a 50-day moving average of C$23.73 and a 200-day moving average of C$22.90.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping 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 analyst estimates 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, sell-side analysts predict that Bird Construction will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be given a dividend of $0.0467 per share. 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 presently 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.