North American Construction Group Ltd. (TSE:NOA) Given Consensus Rating of “Buy” by Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$36.25.

A number of analysts have commented on NOA shares. Ventum Financial reduced their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a report on Friday, August 2nd. National Bankshares lifted their target price on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets cut their price target on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. ATB Capital decreased their price objective on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Finally, Raymond James cut their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

North American Construction Group Trading Down 1.7 %

North American Construction Group stock opened at C$27.53 on Tuesday. The business has a 50-day simple moving average of C$25.68 and a two-hundred day simple moving average of C$26.51. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a market cap of C$735.88 million, a P/E ratio of 15.04, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$27.98 per share, with a total value of C$167,884.20. Also, Director Maryse C. Saint-Laurent bought 2,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, with a total value of C$51,760.00. Over the last quarter, insiders have purchased 13,900 shares of company stock valued at $372,377. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Company Profile

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.