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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received an average rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$36.13.

A number of analysts have weighed in on the company. Canaccord Genuity Group decreased their price target on North American Construction Group from C$34.00 to C$30.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. TD Securities decreased their target price on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. National Bankshares dropped their price target on North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. ATB Capital reduced their price objective 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 dropped 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.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$24.01 on Friday. The stock has a market capitalization of C$641.79 million, a PE ratio of 13.12, a PEG ratio of 0.79 and a beta of 1.59. The business’s 50 day simple moving average is C$25.24 and its 200 day simple moving average is C$26.80. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group has a one year low of C$22.68 and a one year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.06. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. The firm had revenue of C$276.31 million for the quarter, compared to the consensus estimate of C$314.61 million. As a group, research analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, August 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. North American Construction Group’s dividend payout ratio is presently 21.86%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron acquired 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80. In other North American Construction Group news, Director Maryse C. Saint-Laurent bought 2,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of C$24.15 per share, with a total value of C$72,460.80. In the last quarter, insiders purchased 12,000 shares of company stock worth $290,121. Insiders own 8.93% of the company’s stock.

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.