North American Construction Group Ltd. (TSE:NOA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$22.71.

A number of brokerages recently weighed in on NOA. Raymond James Financial lifted their target price on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. ATB Cormark Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. BMO Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a report on Friday, March 13th.

North American Construction Group Price Performance

Shares of TSE:NOA opened at C$18.91 on Wednesday. The company has a market cap of C$512.52 million, a P/E ratio of 16.88, a P/E/G ratio of 0.79 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. North American Construction Group has a 52 week low of C$16.45 and a 52 week high of C$24.59. The business has a fifty day simple moving average of C$19.64 and a 200-day simple moving average of C$20.16.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The business had revenue of C$319.22 million during the quarter. Equities research analysts forecast that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, July 3rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron bought 10,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the acquisition, the director owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. The trade was a 0.44% increase in their ownership of the stock. Insiders own 8.93% of the company’s stock.

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.