ATB Capital Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its price objective cut by ATB Capital from C$37.00 to C$34.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on NOA. CIBC reduced their price target on shares of North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. TD Securities dropped their price objective on shares of North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets lowered their price target on shares of North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. Ventum Financial decreased their price objective 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 report on Friday, March 21st. Finally, Raymond James Financial lowered shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price objective for the company. in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, North American Construction Group has a consensus rating of "Buy" and a consensus target price of C$35.38.

North American Construction Group Price Performance

NOA stock traded down C$0.30 during trading on Friday, reaching C$21.79. 94,179 shares of the company were exchanged, compared to its average volume of 81,134. The company has a market cap of C$583.25 million, a P/E ratio of 10.24, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$18.83 and a 52-week high of C$31.67. The stock's 50 day moving average price is C$23.04 and its 200 day moving average price is C$25.09. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, July 11th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.48 annualized dividend and a yield of 2.20%. North American Construction Group's dividend payout ratio is presently 18.81%.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. 8.93% of the stock is currently owned by corporate insiders.

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.