North American Construction Group Ltd. (TSE:NOA) Receives C$32.06 Consensus Target Price from Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$32.06.

NOA has been the topic of a number of recent analyst reports. ATB Capital dropped their price objective on North American Construction Group from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a report on Friday, June 27th. CIBC dropped their price objective on North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. Canaccord Genuity Group lowered North American Construction Group from a “strong-buy” rating to a “hold” rating and dropped their price objective for the stock from C$33.00 to C$24.50 in a report on Friday, July 11th. TD Securities lowered North American Construction Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$25.00 to C$21.00 in a report on Thursday, August 14th. Finally, Atb Cap Markets lowered North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$24.74, for a total value of C$247,400.00. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Trading Up 2.0%

Shares of NOA stock opened at C$18.50 on Thursday. The business’s fifty day moving average price is C$21.08 and its 200 day moving average price is C$22.55. North American Construction Group has a 1-year low of C$16.78 and a 1-year high of C$31.67. The firm has a market capitalization of C$495.19 million, a PE ratio of 8.70, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were given a $0.12 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. North American Construction Group’s dividend payout ratio (DPR) is currently 18.81%.

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.