Bird Construction (TSE:BDT) Price Target Increased to C$16.00 by Analysts at Stifel Nicolaus

Bird Construction (TSE:BDT) had its price objective hoisted by research analysts at Stifel Nicolaus from C$15.00 to C$16.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 48.15% from the stock’s current price.

Several other research firms have also commented on BDT. CIBC increased their price target on shares of Bird Construction from C$10.50 to C$12.00 in a research report on Friday, August 11th. TD Securities raised Bird Construction from a “hold” rating to a “buy” rating and upped their price target for the stock from C$10.50 to C$12.50 in a research report on Tuesday, August 15th. Finally, ATB Capital increased their price objective on Bird Construction from C$12.25 to C$13.25 in a report on Friday, August 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$12.79.

Bird Construction Stock Performance

Shares of Bird Construction stock remained flat at C$10.80 during trading on Tuesday. The stock had a trading volume of 38,234 shares, compared to its average volume of 57,227. Bird Construction has a 1 year low of C$5.74 and a 1 year high of C$11.08. The firm’s 50-day moving average is C$9.56 and its two-hundred day moving average is C$9.03. The stock has a market cap of C$580.72 million, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.53 and a beta of 1.17. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 52.16.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 9th. The company reported C$0.29 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.07. The firm had revenue of C$686.42 million during the quarter, compared to analysts’ expectations of C$596.97 million. Bird Construction had a net margin of 1.89% and a return on equity of 18.04%. As a group, equities analysts expect that Bird Construction will post 1.3799743 EPS for the current year.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional, and civil 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.