North American Construction Group (TSE:NOA) Lifted to Buy at TD Securities

TD Securities upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a hold rating to a buy rating in a research report report published on Thursday morning, BayStreet.CA reports. TD Securities currently has C$34.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on NOA. CIBC boosted their price target on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. BMO Capital Markets lifted their price objective on shares of North American Construction Group from C$39.00 to C$42.00 in a research note on Thursday, March 14th. ATB Capital dropped their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. Finally, National Bankshares lifted their price objective on shares of North American Construction Group from C$43.00 to C$46.00 in a research note on Friday, March 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of C$40.13.

North American Construction Group Stock Down 0.9 %

North American Construction Group stock opened at C$28.38 on Thursday. North American Construction Group has a fifty-two week low of C$24.04 and a fifty-two week high of C$34.87. The company has a debt-to-equity ratio of 201.05, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a 50 day moving average price of C$31.80 and a 200 day moving average price of C$29.73. The company has a market capitalization of C$758.60 million, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The business had revenue of C$326.30 million during the quarter, compared to the consensus estimate of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. Research analysts expect that North American Construction Group will post 4.4898551 earnings per share for the current year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.40 annualized dividend and a yield of 1.41%. North American Construction Group’s payout ratio is currently 19.14%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. Insiders own 8.44% of the company’s stock.

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.