North American Construction Group (TSE:NOA) Price Target Cut to C$37.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective decreased by BMO Capital Markets from C$39.00 to C$37.00 in a research note published on Thursday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also commented on NOA. TD Securities upgraded North American Construction Group from a hold rating to a buy rating and set a C$34.00 price target for the company in a research note on Thursday, April 18th. ATB Capital decreased their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. National Bankshares increased their price target on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. Finally, CIBC boosted their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group presently has a consensus rating of Buy and a consensus price target of C$40.57.

North American Construction Group Trading Down 0.9 %

TSE:NOA opened at C$28.06 on Thursday. The firm has a market capitalization of C$750.04 million, a P/E ratio of 13.43, a PEG ratio of 0.79 and a beta of 1.70. The company has a debt-to-equity ratio of 201.05, a current ratio of 0.91 and a quick ratio of 0.79. North American Construction Group has a one year low of C$24.18 and a one year high of C$34.87. The company’s 50-day simple moving average is C$31.04 and its 200 day simple moving average is C$29.68.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.06. The firm had revenue of C$326.30 million for the quarter, compared to analysts’ expectations of C$315.13 million. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. As a group, analysts forecast that North American Construction Group will post 4.4898551 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, May 30th. North American Construction Group’s dividend payout ratio (DPR) is currently 19.14%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 4,000 shares of North American Construction Group stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$31.85, for a total value of C$127,400.00. 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.