North American Construction Group (TSE:NOA) Given New C$20.00 Price Target at CIBC

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by CIBC from C$22.00 to C$20.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other brokerages have also commented on NOA. National Bankshares set a C$28.00 price objective on North American Construction Group and gave the company an “outperform” rating in a research report on Monday, December 22nd. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. BMO Capital Markets dropped their price objective on shares of North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. Finally, TD Securities cut their price objective on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$28.06.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$19.54 on Tuesday. The company has a market capitalization of C$568.13 million, a P/E ratio of 15.39, a PEG ratio of 0.79 and a beta of 0.42. North American Construction Group has a fifty-two week low of C$16.78 and a fifty-two week high of C$31.67. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The stock has a 50 day moving average price of C$19.73 and a two-hundred day moving average price of C$20.21.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. The company had revenue of C$317.25 million for the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%. Analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, January 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, November 26th. North American Construction Group’s dividend payout ratio is 37.80%.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.