North American Construction Group (TSE:NOA) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.92 and traded as high as C$20.53. North American Construction Group shares last traded at C$20.38, with a volume of 90,857 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on the company. ATB Capital set a C$26.00 price target on North American Construction Group and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. TD Securities lowered their target price 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 research note on Friday, December 19th. National Bankshares set a C$28.00 target price on shares of North American Construction Group and gave the stock an “outperform” rating in a report on Monday, December 22nd. CIBC decreased their price target on shares of North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. Finally, BMO Capital Markets lowered their price target on shares of North American Construction Group from C$27.00 to C$25.00 in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, North American Construction Group has an average rating of “Hold” and a consensus target price of C$28.06.

North American Construction Group Trading Up 0.9%

The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The company’s 50-day moving average is C$20.08 and its 200-day moving average is C$19.92. The stock has a market capitalization of C$592.55 million, a price-to-earnings ratio of 16.05, a PEG ratio of 0.79 and a beta of 0.35.

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

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 9th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.48 annualized dividend and a yield of 2.4%. North American Construction Group’s dividend payout ratio (DPR) 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.