Bird Construction (TSE:BDT) Hits New 52-Week High – Still a Buy?
by Doug Wharley · The Cerbat GemShares of Bird Construction Inc. (TSE:BDT – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$61.42 and last traded at C$57.21, with a volume of 191237 shares. The stock had previously closed at C$57.79.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. TD Securities raised their price objective on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, March 16th. ATB Cormark Capital Markets boosted their target price on Bird Construction from C$48.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. BMO Capital Markets raised their price target on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, May 25th. Jefferies Financial Group lifted their price objective on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. Finally, Stifel Nicolaus set a C$55.00 price objective on Bird Construction and gave the stock a “buy” rating in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$59.20.
Check Out Our Latest Report on BDT
Bird Construction Stock Down 1.0%
The business’s 50 day simple moving average is C$48.48 and its 200 day simple moving average is C$36.32. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 88.19. The firm has a market capitalization of C$3.17 billion, a PE ratio of 63.57, a PEG ratio of 0.53 and a beta of 0.34.
Bird Construction (TSE:BDT – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share (EPS) for the quarter. The firm had revenue of C$783.37 million for the quarter. Bird Construction had a net margin of 1.43% and a return on equity of 11.25%. On average, equities research analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.
Bird Construction Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th were paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is presently 93.33%.
Bird Construction Company Profile
Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.