North American Construction Group (TSE:NOA) Price Target Cut to C$24.00

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) had its target price cut by BMO Capital Markets from C$26.00 to C$24.00 in a research note released on Thursday morning, BayStreet.CA reports.

NOA has been the topic of a number of other research reports. Raymond James boosted their price target on North American Construction Group from C$26.50 to C$27.50 and gave the stock an outperform rating in a research report on Monday. National Bankshares upped their target price on North American Construction Group from C$27.00 to C$30.00 and gave the company an outperform rating in a research report on Friday, February 18th. CIBC upped their target price on North American Construction Group from C$22.00 to C$23.00 and gave the company a neutral rating in a research report on Friday, February 18th. Finally, Canaccord Genuity Group upped their target price on North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average target price of C$26.30.

Shares of TSE NOA opened at C$16.73 on Thursday. The business’s 50 day moving average price is C$18.75 and its two-hundred day moving average price is C$18.95. The company has a market cap of C$501.47 million and a PE ratio of 10.18. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 141.93. North American Construction Group has a twelve month low of C$14.75 and a twelve month high of C$22.00.

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, February 16th. The company reported C$0.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.02. The business had revenue of C$181.00 million for the quarter, compared to analyst estimates of C$185.50 million. As a group, research analysts anticipate that North American Construction Group will post 2.3800002 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 4th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 3rd. This is an increase from North American Construction Group’s previous quarterly dividend of $0.04. This represents a $0.32 annualized dividend and a dividend yield of 1.91%. North American Construction Group’s dividend payout ratio (DPR) is currently 9.73%.

In other North American Construction Group news, Director Martin Robert Ferron purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average price of C$19.01 per share, with a total value of C$190,100.00. Following the transaction, the director now owns 2,126,857 shares in the company, valued at C$40,431,551.57. Also, insider North American Construction Group Ltd. purchased 24,296 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock was acquired at an average cost of C$17.94 per share, for a total transaction of C$435,858.09. Following the transaction, the insider now owns 24,296 shares in the company, valued at approximately C$435,858.09. Over the last 90 days, insiders bought 101,296 shares of company stock valued at $1,851,473.

About North American Construction Group (Get Rating)

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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