North American Construction Group Ltd. (TSE:NOA) Receives C$22.71 Consensus Price Target from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$22.71.

A number of research analysts recently weighed in on NOA shares. ATB Cormark Capital Markets raised their target price 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 report on Thursday, May 14th. Raymond James Financial increased their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, BMO Capital Markets lifted their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th.

North American Construction Group Price Performance

TSE:NOA opened at C$18.68 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. The company has a market capitalization of C$506.28 million, a P/E ratio of 16.68, a P/E/G ratio of 0.79 and a beta of 0.89. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$23.49. The business’s 50-day moving average is C$19.38 and its 200 day moving average is C$20.12.

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

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. 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 presently 42.86%.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 owned 2,285,738 shares in the company, valued at approximately C$46,743,342.10. The trade was a 0.44% increase in their position. Also, insider North American Construction Group Ltd. acquired 165,000 shares of North American Construction Group stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the completion of the purchase, the insider directly owned 165,000 shares of the company’s stock, valued at C$3,158,100. The trade was a ∞ increase in their ownership of the stock. In the last ninety days, insiders purchased 185,000 shares of company stock valued at $3,543,650. 8.93% of the stock is owned by insiders.

North American Construction Group Company Profile

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.