Bird Construction (BDT) Stock Rating Upgraded by Raymond James

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Raymond James upgraded shares of Bird Construction (TSE:BDT) from an outperform rating to a strong-buy rating in a report published on Friday morning. Raymond James currently has C$10.50 price target on the stock.

Several other research firms have also recently commented on BDT. TD Securities raised shares of Bird Construction from a hold rating to a buy rating and set a C$9.00 price objective on the stock in a research report on Friday, August 10th. Canaccord Genuity cut their price target on shares of Bird Construction from C$11.00 to C$9.00 in a research report on Friday. Finally, National Bank Financial boosted their price target on shares of Bird Construction from C$9.50 to C$10.00 in a research report on Friday.

Shares of TSE BDT traded down C$0.25 during midday trading on Friday, reaching C$6.79. 62,500 shares of the stock were exchanged, compared to its average volume of 84,413. Bird Construction has a 12 month low of C$6.30 and a 12 month high of C$10.40. The company has a debt-to-equity ratio of 79.65, a current ratio of 1.14 and a quick ratio of 1.13.

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

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