Bird Construction (BDT) Price Target Lowered to C$9.00 at Canaccord Genuity

Bird Construction (TSE:BDT) had its price target lowered by Canaccord Genuity from C$11.00 to C$9.00 in a research note published on Friday morning.

A number of other analysts have also issued reports on BDT. National Bank Financial increased their target price on Bird Construction from C$9.50 to C$10.00 in a report on Friday. Raymond James reduced their target price on Bird Construction from C$11.50 to C$10.50 and set an outperform rating for the company in a report on Thursday, August 9th. Finally, TD Securities upgraded Bird Construction from a hold rating to a buy rating and set a C$9.00 target price for the company in a report on Friday, August 10th.

Shares of TSE:BDT traded down C$0.25 on Friday, reaching C$6.79. 62,500 shares of the company traded hands, compared to its average volume of 84,413. Bird Construction has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.40. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 79.65.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C($0.13) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.12). The firm had revenue of C$320.13 million during the quarter, compared to the consensus estimate of C$324.00 million. As a group, equities research analysts anticipate that Bird Construction will post 0.610000032059661 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 20th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.74%. Bird Construction’s payout ratio is currently -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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