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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$36.25.

NOA has been the subject of several research analyst reports. TD Securities cut their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. ATB Capital reduced their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Ventum Financial dropped 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. BMO Capital Markets reduced their price target on shares of North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Finally, National Bankshares boosted their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

North American Construction Group Stock Performance

Shares of NOA opened at C$28.43 on Tuesday. The company has a market capitalization of C$759.93 million, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. 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. The company’s fifty day moving average price is C$25.94 and its 200 day moving average price is C$26.48.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a $0.12 dividend. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. North American Construction Group’s dividend payout ratio is currently 21.86%.

Insider Transactions at North American Construction Group

In related news, 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 price of C$24.15 per share, with a total value of C$72,460.80. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$25.88 per share, with a total value of C$51,760.00. In the last three months, insiders acquired 13,900 shares of company stock valued at $372,377. Company insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

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.