Bird ConstructionConstruction stocks performed well in the final quarter of 2020. With an expected economic recovery in North America, the industry is likely to expand in 2021. Bird Construction Inc. (OTC: BIRDF) is a Canadian construction firm involved in commercial and institutional construction, including construction for mining and energy industries, including alternative energy.

Bird Construction earnings at the company have increased by 207% when looking at the previous year. Over the coming year, they are expected to increase by at least 48%. There’s an expected upside on this pick with an average target price of $10.42. In addition to the price upside, this stock can also create income, which is rare for a bargain stock at this price. The dividend is historically reliable and currently produces a yield of 4.40%. This is well above the market average.

This stock is all about value and potential. There’s potential for expanded construction activity in the Canadian mining and energy industries, especially with alternative energy investment starting to pick up. Commercial and residential construction is also likely to produce strong gains as the Coronavirus Pandemic becomes more manageable in 2021. For its bargain price and likely upside, this is one of the best alternative picks in January.

Key Data:

  • 1 Year Price Growth: 17%
  • YTD Price Growth: 78%
  • 3 Month Price Growth: 83%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.