North American Construction Group Ltd. (NOA.TO) – What Are Brokerages Thinking About This Stock?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$22.64.

Several equities research analysts recently commented on NOA shares. National Bank Financial dropped their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. ATB Cormark Capital Markets raised shares of North American Construction Group from a “sector perform” rating to an “outperform” rating and set a C$23.50 target price for the company in a research note on Monday.

Insider Activity at North American Construction Group

In related news, insider North American Construction Group Ltd. purchased 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the purchase, the insider directly owned 110,000 shares of the company’s stock, valued at approximately C$2,091,100. This represents a ? increase in their position. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$16.65 on Tuesday. The company’s fifty day moving average price is C$17.74 and its 200-day moving average price is C$19.48. The stock has a market cap of C$448.12 million, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 246.95. North American Construction Group has a 12 month low of C$15.40 and a 12 month high of C$23.49.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The company had revenue of C$400.96 million during the quarter. On average, equities analysts expect that North American Construction Group will post 4.06 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s payout ratio is currently 42.86%.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.