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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$37.00.

NOA has been the topic of several research analyst reports. National Bankshares decreased their target price on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Ventum Financial decreased their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities decreased their target price on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. ATB Capital decreased their target price on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets decreased their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st.

Insider Buying and Selling

In other news, Director Martin Robert Ferron bought 7,000 shares of North American Construction Group stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$23.70 per share, for a total transaction of C$165,900.00. In other news, Director Maryse C. Saint-Laurent bought 2,000 shares of North American Construction Group stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron bought 7,000 shares of North American Construction Group stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$23.70 per share, for a total transaction of C$165,900.00. Insiders have acquired 12,000 shares of company stock worth $290,121 in the last three months. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Stock Performance

Shares of NOA opened at C$25.44 on Monday. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The stock has a market capitalization of C$680.01 million, a P/E ratio of 13.90, a P/E/G ratio of 0.79 and a beta of 1.61. The company’s fifty day moving average is C$25.62 and its two-hundred day moving average is C$27.57. North American Construction Group has a 1 year low of C$23.59 and a 1 year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter, topping the consensus estimate of C$0.79 by C$0.06. The company had revenue of C$276.31 million for the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. On average, sell-side analysts predict that North American Construction Group will post 4.0606061 earnings per share for the current year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 30th will be given a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. North American Construction Group’s dividend payout ratio is presently 21.86%.

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.