North American Construction Group Ltd. (TSE:NOA) Receives Consensus Recommendation of “Buy” from Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$37.38.

NOA has been the subject of several recent research reports. National Bankshares reduced their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Ventum Financial decreased their target price on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, March 21st. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a research report on Thursday, January 30th.

Insider Buying and Selling

In related news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is currently owned by insiders.

North American Construction Group Trading Down 0.5 %

North American Construction Group stock opened at C$22.90 on Monday. The company has a market cap of C$612.96 million, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.79 and a beta of 1.59. The firm has a 50-day moving average of C$25.88 and a 200-day moving average of C$26.92. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. North American Construction Group has a one year low of C$21.88 and a one year high of C$31.91.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s payout ratio is presently 18.81%.

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.