Bird Construction Inc. (TSE: BDT) Receives Consensus “Buy” Rating From Analysts

Bird Construction Inc. (TSE: BDT) has an average “Buy” rating of the seven brokerage firms the company currently covers, MarketBeat Ratings reports. Four analysts have given the share a buy rating. The average 12 month target price among brokers who have covered the stock over the past year is $ 12.29.

BDT has been the subject of several analyst reports. CIBC raised its price target for Bird Construction from 12.00 CAD to 13.00 CAD and rated the stock as “outperform” in a research report on Friday, November 12th. Raymond James re-issued an “Outperform” rating in a research report on Friday, September 10th, with a price target of CAD 13.50 on the shares of Bird Construction. National Bankshares raised its target price for Bird Construction from CAD 11.50 to CAD 12.00 in a research report on Friday, November 12th. National Bank Financial, in a research report dated Friday, August 27, re-issued a rating of “USD 10.00” and a target price of CAD 11.50 (up from CAD 10.00) for shares of Bird Construction. Finally, TD Securities raised its target price on Bird Construction from CAD 12.00 to CAD 12.50 and rated the company as a “Buy” in a research report on Friday, November 12th.

TSE: BDT opened at C $ 9.71 on Friday. The stock has a 50-day simple moving average of $ 10.06 and a 200-day simple moving average of $ 9.54. The stock has a market capitalization of $ 521.38 million and a PER of 9.65. Bird Construction has a 1 year low of $ 7.70 and a 1 year high of $ 10.78. The company has a debt of 69.95, a quick ratio of 1.19 and a current ratio of 1.21.

Bird Construction (TSE: BDT) last released its quarterly earnings data on Tuesday, November 9th. The company reported earnings per share (EPS) for the quarter of $ 0.26, beating Thomson Reuters’ consensus estimate of $ 0.21 by $ 0.05. The company posted revenue of $ 621.22 million for the quarter, compared to analyst estimates of $ 633.00 million. On average, research analysts for stocks predict that Bird Construction will post 1.0278936 EPS for the current year.

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The company also recently announced a monthly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday November 19th received a dividend of $ 0.0325 per share. This equates to a dividend of $ 0.39 on an annual basis and a yield of 4.02%. This is an increase from Bird Construction’s previous monthly dividend of $ 0.03. The ex-dividend date of this dividend was Thursday October 28th. Bird Construction’s dividend payout ratio (DPR) is currently 38.77%.

Company profile bird production

Bird Construction Inc is a general contractor in Canada. The company focuses primarily on projects in the industrial, commercial and institutional areas of general contracting. It builds industrial buildings; and performs civil engineering work including site preparation, concrete foundations, metal and module fabrication, mechanical process works, underground piping, and earthworks for customers primarily in the oil and gas, liquefied natural gas, mining and nuclear industries.

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