Bird Construction (TSE:BDT) PT Set at C$9.00 by Raymond James

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Bird Construction (TSE:BDT) has been assigned a C$9.00 target price by Raymond James in a note issued to investors on Thursday, August 15th, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 58.17% from the stock’s current price. Raymond James also issued estimates for Bird Construction’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $0.65 EPS.

A number of other research analysts have also commented on BDT. National Bank Financial lowered their price objective on Bird Construction from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity dropped their price target on shares of Bird Construction from C$7.50 to C$5.00 in a research report on Thursday, August 15th. Finally, TD Securities decreased their price objective on shares of Bird Construction from C$9.00 to C$8.50 and set a “buy” rating for the company in a report on Thursday, May 9th.

Shares of Bird Construction stock traded up C$0.04 on Thursday, hitting C$5.69. 48,013 shares of the company traded hands, compared to its average volume of 58,367. Bird Construction has a 12-month low of C$4.88 and a 12-month high of C$8.36. The company has a 50-day moving average price of C$5.33 and a 200 day moving average price of C$6.29. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 73.80. The company has a market cap of $240.22 million and a PE ratio of 45.24.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.02). The business had revenue of C$315.43 million for the quarter, compared to analysts’ expectations of C$366.60 million. Equities research analysts anticipate that Bird Construction will post 0.59 EPS for the current year.

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.

See Also: Gross Domestic Product (GDP)

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