Bird Construction Inc. (TSE:BDT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Bird Construction Inc. (TSE:BDT) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$32.67.

BDT has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus dropped their target price on Bird Construction from C$38.00 to C$37.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Cibc World Mkts raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. National Bankshares dropped their price objective on Bird Construction from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. Finally, TD Securities lowered their target price on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th.

Bird Construction Trading Down 8.3 %

Bird Construction stock opened at C$18.98 on Tuesday. The firm has a 50-day moving average price of C$22.39 and a two-hundred day moving average price of C$25.56. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52-week low of C$17.89 and a 52-week high of C$32.67.

Bird Construction Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 4.43%. Bird Construction’s dividend payout ratio (DPR) is currently 50.87%.

About Bird Construction

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.