CIBC Has Lowered Expectations for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target decreased by CIBC from C$38.00 to C$37.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the stock. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a report on Thursday, January 30th. BMO Capital Markets cut their price objective on shares of North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. Ventum Financial decreased their target price on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, National Bankshares cut their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, North American Construction Group has a consensus rating of “Buy” and an average target price of C$37.25.

North American Construction Group Stock Down 7.9 %

North American Construction Group stock opened at C$19.27 on Thursday. North American Construction Group has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67. The company has a market cap of C$515.80 million, a PE ratio of 9.06, a PEG ratio of 0.79 and a beta of 1.59. 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 business’s 50-day simple moving average is C$24.17 and its two-hundred day simple moving average is C$26.61.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.49%. North American Construction Group’s payout ratio is 18.81%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 10,000 shares of North American Construction Group stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of C$22.27 per share, with a total value of C$222,700.00. Insiders have bought a total of 18,000 shares of company stock valued at $408,772 in the last ninety days. 8.93% of the stock is currently owned by corporate insiders.

About North American Construction Group

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.