Ventum Financial Cuts North American Construction Group (TSE:NOA) Price Target to C$42.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective decreased by Ventum Financial from C$45.00 to C$42.00 in a research note released on Friday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on NOA. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a research note on Thursday, January 30th. Canaccord Genuity Group raised their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. BMO Capital Markets reduced their price target on North American Construction Group from C$35.00 to C$34.00 in a report on Thursday. Finally, National Bankshares dropped their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$37.38.

North American Construction Group Trading Down 2.4 %

Shares of NOA opened at C$23.10 on Friday. The company’s fifty day moving average is C$26.52 and its 200 day moving average is C$27.03. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The stock has a market capitalization of C$618.32 million, a PE ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$21.88 and a fifty-two week high of C$31.91.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Insider Activity

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the business’s stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. Company insiders own 8.93% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.