01:58 PM EST, 12/17/2025 (MT Newswires) -- Bird Construction's ( BIRDF ) contract awards totaling $1.2 billion is a solid data point that reaffirms Stifel Canada's view that the company's organic growth is set to re-accelerate in 2026.

Analyst Ian Gillies, in reiterating the buy rating and $36.00 price target on the company's shares, says the new contracts would increase Bird's backlog of $10 billion at the third-quarter by 12%.

"We are positively biased that organic growth will return to the 8-12% target range in 2026E and 2027E given the large amount of work in BDT's backlog." Management is also "adamant" it can achieve its 8% EBITDA margin target in 2027E based on its current work program.

Bird's valuation is attractive as it trades at 6.1x EV/EBITDA and 9.0x P/E in 2027E, significantly behind its peer group at 8.5x and 19.4x, respectively, Gillies notes.

Price: 29.14, Change: +0.95, Percent Change: +3.37