North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of “Buy” from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given a consensus rating of “Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$37.38.

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their price target on North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$30.00 to C$38.00 in a research report 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 target price for the company in a report on Thursday, January 30th. Ventum Financial reduced their price target on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Stock Performance

TSE NOA opened at C$22.90 on Monday. The firm’s 50 day simple moving average is C$25.88 and its 200 day simple moving average is C$26.94. The firm has a market capitalization of C$612.96 million, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. North American Construction Group has a 1 year low of C$21.88 and a 1 year high of C$31.91.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.10%. North American Construction Group’s dividend payout ratio (DPR) is currently 18.81%.

North American Construction Group Company Profile

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.