Bird Building (TSE: BDT) reduced PT cost to CAD 10.50

Build Bird (TSE: BDT – Get Rating) Research analysts at TD Securities lowered its target price from C$12.50 to C$10.50 in a research report released Friday, BayStreet.CA reports. The company currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 33.08% from the stock’s previous close.

Several other research analysts have recently commented on the stock. CIBC cut its price target for Bird Construction shares from C$13.00 to C$12.00 and assigned an “outstanding” rating to the company in a report released on Thursday. Raymond James set a CAD $13.50 target price for Bird Construction and gave the stock an “outstanding” rating in a report released on Thursday. Five equities research analysts have rated the stock with a buy rating, according to data from MarketBeat, the company currently has an average rating of “buy” and a target price of CAD 11.86.

BDT traded up C$0.07 during the trading hours on Friday, reaching C$7.89. 171,109 shares of the company’s stock were traded, compared to an average trading volume of 110,455 shares. Bird Construction recorded a 12-month low of C$7.61 and a 12-month high of C$10.78. The company has a 50-day moving average of CAD 8.92 and a 200-day moving average of CAD 9.48. The company has a market capitalization of C$423.65 million and a price-earnings ratio of 9.90. The company has a trading ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 64.91.

Bird Construction (TSE: BDT – Get Rating) published its latest quarterly earnings results on Tuesday, March 8th. The company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.21 by C$0.03. The company generated C$597.80 million in revenue for the quarter, compared to analyst estimates of C$627.30 million. As a group, research analysts expect Bird Construction to report 1.15 earnings per share for the current fiscal year.

About building birds (Get Rating)

Bird Construction Inc operates as a general contractor in Canada. The company mainly focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It builds industrial buildings, including manufacturing, processing, distribution and warehouse facilities. Handles structural, mechanical, piping, electrical and instrumentation work that includes off-site modular and metal fabrication; It also provides insulation, metallic profiles, cladding, ductwork, asbestos reduction, high voltage testing and commissioning services, as well as power line construction.

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