North American Construction Group Ltd. (TSE:NOA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$22.71.

A number of research analysts recently weighed in on the stock. Raymond James Financial raised their price target on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research note on Friday, March 13th. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. BMO Capital Markets raised their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets raised their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th.

Insider Buying and Selling at North American Construction Group

In other news, Director John Joseph Pollesel purchased 2,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of C$17.90 per share, for a total transaction of C$35,800.00. Following the completion of the purchase, the director directly owned 3,500 shares in the company, valued at C$62,650. The trade was a 133.33% increase in their position. Also, Director Martin Robert Ferron bought 10,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the transaction, the director directly owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. This trade represents a 0.44% increase in their position. 8.93% of the stock is currently owned by insiders.

North American Construction Group Trading Up 2.6%

NOA opened at C$20.42 on Friday. The stock has a market cap of C$553.44 million, a price-to-earnings ratio of 18.23, a P/E/G ratio of 0.79 and a beta of 0.86. The stock’s 50 day moving average price is C$19.42 and its 200-day moving average price is C$20.19. North American Construction Group has a one year low of C$16.45 and a one year high of C$24.90. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. On average, equities analysts forecast that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.