Bird Construction (TSE:BDT) Given a C$9.00 Price Target at Raymond James

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Bird Construction (TSE:BDT) received a C$9.00 target price from research analysts at Raymond James in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target would indicate a potential upside of 45.16% from the company’s current price.

Separately, TD Securities lowered their price target on shares of Bird Construction from C$7.00 to C$6.00 in a report on Tuesday, March 31st.

TSE BDT traded up C$0.45 during trading on Tuesday, hitting C$6.20. 90,921 shares of the company’s stock were exchanged, compared to its average volume of 49,354. The company has a market cap of $245.32 million and a PE ratio of 27.95. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 123.05. Bird Construction has a fifty-two week low of C$3.96 and a fifty-two week high of C$7.30. The stock’s 50 day moving average price is C$5.23 and its two-hundred day moving average price is C$5.99.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.19. The company had revenue of C$420.61 million for the quarter, compared to analyst estimates of C$414.60 million. Analysts forecast that Bird Construction will post 0.69 earnings per share for the current fiscal year.

Bird Construction Company Profile

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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