Bird Construction (TSE:BDT) Cut to “Moderate Buy” at Raymond James Financial

Bird Construction (TSE:BDT) was downgraded by Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts have also commented on BDT. National Bankshares reduced their target price on shares of Bird Construction from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. TD Securities boosted their price target on Bird Construction from C$26.00 to C$31.00 in a research report on Thursday, May 22nd. BMO Capital Markets upped their price objective on Bird Construction from C$28.00 to C$30.00 in a research note on Thursday, May 22nd. CIBC lifted their target price on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus cut their price target on Bird Construction from C$34.50 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$32.44.

Bird Construction Stock Performance

Shares of Bird Construction stock opened at C$29.52 on Thursday. The firm’s fifty day simple moving average is C$27.72 and its 200-day simple moving average is C$24.24. Bird Construction has a 12 month low of C$17.52 and a 12 month high of C$32.67. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

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.