BMO Capital Markets Lowers North American Construction Group (TSE:NOA) Price Target to C$37.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective trimmed by BMO Capital Markets from C$39.00 to C$37.00 in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NOA has been the subject of a number of other reports. ATB Capital dropped their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares increased their target price on shares of North American Construction Group from C$43.00 to C$46.00 in a report on Friday, March 15th. TD Securities raised shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 price target for the company in a research note on Thursday, April 18th. Finally, CIBC increased their price target on shares of North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of C$40.57.

North American Construction Group Stock Performance

North American Construction Group stock opened at C$28.06 on Thursday. 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$31.04 and a 200-day moving average of C$29.68. The firm has a market cap of C$750.04 million, a P/E ratio of 13.43, 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 will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, May 30th. North American Construction Group’s dividend payout ratio is 19.14%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00. 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.