Bird Construction (TSE:BDT) Price Target Raised to C$36.00 at CIBC

Bird Construction (TSE:BDT) had its target price increased by equities researchers at CIBC from C$34.00 to C$36.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 55.17% from the company’s current price.

Several other brokerages have also issued reports on BDT. TD Securities upped their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. ATB Capital upped their target price on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Finally, Stifel Nicolaus upped their target price on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.25.

Bird Construction Price Performance

Shares of Bird Construction stock traded down C$0.46 during trading on Monday, hitting C$23.20. The stock had a trading volume of 121,444 shares, compared to its average volume of 246,544. The firm has a market cap of C$1.28 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction has a 12 month low of C$15.08 and a 12 month high of C$32.67. The business’s 50-day moving average is C$26.34 and its 200 day moving average is C$26.10. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.67 by C$0.02. The firm had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Company Profile

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.