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

North American Construction Group Ltd. (TSE:NOAGet Free Report) (NYSE:NOA) has earned an average rating of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$40.57.

Several research analysts have recently issued reports on NOA shares. National Bankshares raised their price objective on North American Construction Group from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. CIBC upped 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. ATB Capital reduced 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. BMO Capital Markets decreased their target price on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, TD Securities raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target on the stock in a research report on Thursday, April 18th.

Read Our Latest Stock Report on North American Construction Group

North American Construction Group Trading Up 1.2 %

TSE NOA opened at C$27.46 on Tuesday. North American Construction Group has a 12-month low of C$24.18 and a 12-month high of C$34.87. The company has a fifty day simple moving average of C$29.20 and a two-hundred day simple moving average of C$29.61. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 206.01. The stock has a market cap of C$734.01 million, a P/E ratio of 15.51, a P/E/G ratio of 0.79 and a beta of 1.64.

North American Construction Group (TSE:NOAGet Free Report) (NYSE:NOA) last issued its earnings results on Wednesday, May 1st. The company reported C$0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.11. North American Construction Group had a return on equity of 15.22% and a net margin of 5.21%. The company had revenue of C$297.03 million during the quarter, compared to analyst estimates of C$295.07 million. On average, analysts forecast that North American Construction Group will post 4.4793388 earnings per share 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. Stockholders of record on Friday, July 5th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. North American Construction Group’s dividend payout ratio (DPR) is 22.60%.

Insider Buying and Selling

In other news, Director Martin Robert Ferron sold 20,000 shares of North American Construction Group stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. 8.78% of the stock is owned by insiders.

North American Construction Group Company Profile

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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.

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Analyst Recommendations for North American Construction Group (TSE:NOA)

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