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

Bird Construction (TSE:BDT) has been given a C$9.00 target price by investment analysts at Raymond James in a research note issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 76.82% from the company’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 equities analysts also recently issued reports on BDT. National Bank Financial cut their price target on Bird Construction from C$11.00 to C$9.50 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Canaccord Genuity cut their price target on Bird Construction from C$7.50 to C$5.00 in a research note on Thursday. Finally, TD Securities cut their price target on Bird Construction from C$9.00 to C$8.50 and set a “buy” rating for the company in a research note on Thursday, May 9th.

BDT stock remained flat at $C$5.09 during mid-day trading on Thursday. The company’s stock had a trading volume of 100,205 shares, compared to its average volume of 59,004. The stock has a market cap of $231.72 million and a price-to-earnings ratio of -203.60. The company has a debt-to-equity ratio of 61.38, a quick ratio of 1.13 and a current ratio of 1.15. Bird Construction has a fifty-two week low of C$4.88 and a fifty-two week high of C$8.36. The company’s fifty day moving average is C$5.46.

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.

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