National Bank Financial Trims Bird Construction (BDT) Target Price to C$9.50

Bird Construction (TSE:BDT) had its target price lowered by National Bank Financial from C$11.00 to C$9.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Bird Construction’s Q3 2019 earnings at $0.17 EPS.

Several other equities analysts have also issued reports on BDT. Canaccord Genuity increased their target price on Bird Construction from C$9.00 to C$9.50 in a research note on Thursday, March 14th. TD Securities increased their target price on Bird Construction from C$8.00 to C$9.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Finally, Raymond James reissued a strong-buy rating and set a C$10.50 target price on shares of Bird Construction in a research note on Friday, March 15th.

BDT opened at C$5.94 on Thursday. Bird Construction has a 12-month low of C$5.11 and a 12-month high of C$8.36. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 30.71. The stock has a market cap of $252.55 million and a P/E ratio of -247.50.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, March 12th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.11 by C$0.04. The firm had revenue of C$385.85 million for the quarter, compared to analyst estimates of C$374.20 million. Equities analysts forecast that Bird Construction will post 0.679999980185431 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0325 per share. The ex-dividend date is Monday, April 29th. This represents a $0.39 annualized dividend and a yield of 6.57%. Bird Construction’s dividend payout ratio (DPR) is -1,625.00%.

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, liquefied natural gas, mining, and nuclear sectors.

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