Shares of North American Construction Group Ltd. (TSE:NOA – Get Free Report) (NYSE:NOA) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$35.83.
Several research firms recently weighed in on NOA. Raymond James raised their price objective on North American Construction Group from C$30.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Pi Financial raised their price objective on North American Construction Group from C$32.00 to C$48.00 and gave the company a “buy” rating in a research note on Friday, July 28th. TD Securities lowered North American Construction Group from a “buy” rating to a “hold” rating and set a C$36.00 price objective on the stock. in a research note on Thursday, September 28th. ATB Capital raised their price objective on North American Construction Group to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets lifted their price target on North American Construction Group to C$34.00 in a research note on Thursday, July 27th.
North American Construction Group Stock Performance
North American Construction Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, October 6th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. North American Construction Group’s dividend payout ratio (DPR) is 15.50%.
About North American Construction Group
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its 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; and Equipment Maintenance services.
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