North American Construction Group Ltd. (TSE:NOA) Receives C$37.63 Average Price Target from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$37.63.

NOA has been the subject of a number of analyst reports. Raymond James increased their price target on North American Construction Group from C$35.00 to C$40.00 in a research report on Friday, December 6th. National Bankshares increased their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, ATB Capital reduced their price objective on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st.

North American Construction Group Price Performance

Shares of TSE:NOA opened at C$29.23 on Wednesday. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87. The stock’s 50 day moving average is C$29.20 and its 200-day moving average is C$26.89. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The firm has a market capitalization of C$781.32 million, a price-to-earnings ratio of 15.97, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a $0.12 dividend. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.64%. North American Construction Group’s dividend payout ratio is presently 21.86%.

Insider Activity

In other news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. Corporate 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.