North American Construction Group (TSE:NOA) PT Raised to C$47.00 at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target hoisted by National Bankshares from C$46.00 to C$47.00 in a report published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. TD Securities raised North American Construction Group from a hold rating to a buy rating and set a C$34.00 price target on the stock in a research report on Thursday, April 18th. ATB Capital dropped their price target on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. CIBC raised their price target on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. Finally, BMO Capital Markets dropped their target price on shares of North American Construction Group from C$39.00 to C$37.00 and set an outperform rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of C$40.57.

North American Construction Group Stock Down 0.9 %

Shares of TSE NOA opened at C$28.06 on Friday. The firm has a market cap of C$750.04 million, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The company’s 50-day simple moving average is C$31.04 and its 200-day simple moving average is C$29.68. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05. North American Construction Group has a 52-week low of C$24.18 and a 52-week high of C$34.87.

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

North American Construction Group Announces Dividend

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

Insider Buying and Selling

In other news, Director Martin Robert Ferron sold 4,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$31.85, for a total value of C$127,400.00. 8.44% of the stock is 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.