Raymond James Lowers Bird Construction (TSE:BDT) Price Target to C$12.00 | MarketBeat

2022-07-07 03:47:13 By : Ms. Gina Zhao

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Bird Construction (TSE:BDT - Get Rating) had its price target reduced by research analysts at Raymond James from C$13.50 to C$12.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James' price objective suggests a potential upside of 67.83% from the company's current price.

Other equities analysts also recently issued reports about the company. TD Securities reduced their price target on Bird Construction from C$12.50 to C$10.50 and set a "buy" rating on the stock in a research report on Friday, May 13th. CIBC dropped their price objective on shares of Bird Construction from C$13.00 to C$12.00 and set an "outperform" rating on the stock in a report on Thursday, May 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$11.67.

TSE:BDT traded down C$0.43 during trading hours on Tuesday, reaching C$7.15. The company's stock had a trading volume of 36,510 shares, compared to its average volume of 97,795. The company has a market capitalization of C$383.92 million and a P/E ratio of 9.06. Bird Construction has a 12 month low of C$7.15 and a 12 month high of C$10.78. The company has a debt-to-equity ratio of 63.26, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a 50 day moving average price of C$8.20 and a two-hundred day moving average price of C$8.97.

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Bird Construction (TSE:BDT - Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported C$0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$0.12. The business had revenue of C$475.52 million for the quarter, compared to analyst estimates of C$557.34 million. As a group, analysts predict that Bird Construction will post 1.1676821 EPS for the current fiscal year.

Bird Construction Company Profile (Get Rating)

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, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines.

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