Brokerages Set North American Construction Group Ltd. (TSE:NOA) Price Target at C$22.71

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$22.71.

A number of equities analysts have commented on NOA shares. Raymond James Financial boosted their price target on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. ATB Cormark Capital Markets boosted their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research report on Friday, March 13th. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, BMO Capital Markets boosted their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th.

Insider Buying and Selling

In related news, Director John Joseph Pollesel bought 2,000 shares of North American Construction Group stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of C$17.90 per share, for a total transaction of C$35,800.00. Following the completion of the transaction, the director owned 3,500 shares of the company’s stock, valued at approximately C$62,650. This trade represents a 133.33% increase in their ownership of the stock. Also, Director Martin Robert Ferron bought 10,000 shares of North American Construction Group stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the transaction, the director directly owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. This represents a 0.44% increase in their position. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Price Performance

TSE:NOA opened at C$19.34 on Friday. The firm has a market cap of C$524.17 million, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$24.90. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The company’s 50-day moving average price is C$19.57 and its two-hundred day moving average price is C$20.18.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C$319.22 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. On average, equities analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, March 26th. North American Construction Group’s dividend payout ratio is presently 42.86%.

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.