Bird Construction (BDT) Price Target Increased to C$10.00 by Analysts at National Bank Financial

Bird Construction (TSE:BDT) had its price objective lifted by National Bank Financial from C$9.50 to C$10.00 in a report released on Friday morning. National Bank Financial also issued estimates for Bird Construction’s FY2019 earnings at $0.56 EPS.

A number of other research firms also recently issued reports on BDT. TD Securities raised Bird Construction from a hold rating to a buy rating and set a C$9.00 price target for the company in a research report on Friday, August 10th. Raymond James lowered their price target on Bird Construction from C$11.50 to C$10.50 and set an outperform rating for the company in a research report on Thursday, August 9th.

Shares of TSE:BDT traded down C$0.25 during midday trading on Friday, reaching C$6.79. The company’s stock had a trading volume of 62,500 shares, compared to its average volume of 84,413. Bird Construction has a 1 year low of C$6.30 and a 1 year high of C$10.40. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 79.65.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.12). The business had revenue of C$320.13 million during the quarter, compared to analysts’ expectations of C$324.00 million. On average, equities analysts forecast that Bird Construction will post 0.610000032059661 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 20th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Thursday, November 29th. Bird Construction’s dividend payout ratio (DPR) is presently -1,300.00%.

About Bird Construction

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, and mining businesses.

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