North American Construction Group (TSE:NOA) PT Lowered to C$39.00 at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lowered by BMO Capital Markets from C$42.00 to C$39.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other analysts have also issued reports about the stock. ATB Capital lowered their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares raised their price objective on shares of North American Construction Group from C$43.00 to C$46.00 in a report on Friday, March 15th. CIBC raised their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. Finally, TD Securities upgraded shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 price objective for the company in a report on Thursday, April 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of C$39.75.

North American Construction Group Stock Performance

North American Construction Group stock opened at C$29.17 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 201.05. The firm has a 50-day moving average of C$31.61 and a 200-day moving average of C$29.72. The firm has a market cap of C$779.71 million, a P/E ratio of 13.96, a P/E/G ratio of 0.79 and a beta of 1.70. North American Construction Group has a 1-year low of C$24.18 and a 1-year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.06. The company had revenue of C$326.30 million during the quarter, compared to analyst estimates of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. Sell-side analysts expect that North American Construction Group will post 4.4898551 EPS for the current year.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 8th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. North American Construction Group’s payout ratio is 19.14%.

Insider Activity

In other news, Director Martin Robert Ferron sold 4,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$31.85, for a total transaction of C$127,400.00. Company insiders own 8.44% 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.