Bird Construction: Backlog-Driven Growth, Margin Expansion, and Undervalued Upside Support Buy Rating

Analyst John Gibson CFA of BMO Capital reiterated a Buy rating on Bird Construction, boosting the price target to C$52.00.

John Gibson CFA has given his Buy rating due to a combination of factors including Bird Construction’s visible path to revenue growth and margin expansion through 2027. He highlights that the company’s record backlog embeds stronger profitability and is increasingly tilted toward specialized, lower-risk work in defence, data centres, nuclear, and healthcare, which should support sustainably higher EBITDA margins over time.

He also notes that management’s recent contract wins and renewals, totalling roughly $1.2 billion, reinforce confidence that Bird can achieve its 8% EBITDA margin and double‑digit revenue growth targets in 2026–2027. Reflecting this improved outlook, he raises his target price to $52, implying an 8.5x 2027 EV/EBITDA multiple that still sits below comparable U.S. peers, and he reiterates the stock as a top pick given Bird’s strong market positioning and reputation in key end markets.

Gibson CFA covers the Energy sector, focusing on stocks such as North American Construction Group, Precision Drilling, and CES Energy Solutions. According to TipRanks, Gibson CFA has an average return of 26.9% and a 65.48% success rate on recommended stocks.

In another report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$42.00 price target.