BMO Capital Markets Has Lowered Expectations for Bird Construction (TSE:BDT) Stock Price

Bird Construction (TSE:BDT) had its price objective cut by BMO Capital Markets from C$30.00 to C$28.00 in a report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. CIBC decreased their price objective on Bird Construction from C$36.00 to C$31.00 in a 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 for the company in a research report on Friday, March 14th. TD Securities reduced their price target on shares of Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group lowered their price objective on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.61.

Bird Construction Stock Performance

Bird Construction stock opened at C$20.90 on Thursday. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$32.67. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a market cap of C$1.17 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The firm’s fifty day moving average price is C$21.40 and its 200-day moving average price is C$25.30.

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 4.02%. Bird Construction’s dividend payout ratio 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.