North American Construction Group Ltd. (TSE:NOA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on North American Construction Group, with three buy ratings, one strong-buy rating and three holds. The average 12-month price target is C$22.71, above the stock’s C$18.22 opening price.
• The company reported quarterly earnings of C$0.32 per share on C$400.96 million in revenue, while analysts forecast full-year EPS of approximately C$4.06.
• North American Construction Group declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a 2.6% yield; insiders also purchased 285,000 shares over the past three months.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has received a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$22.71.

Several brokerages have commented on NOA. National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Friday, August 14th. BMO Capital Markets increased their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a "market perform" rating in a research report on Thursday, May 14th. Finally, ATB Cormark Capital Markets raised their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 14th.

North American Construction Group Stock Performance

TSE NOA opened at C$18.22 on Monday. The stock has a market capitalization of C$490.37 million, a price-to-earnings ratio of 16.27, a PEG ratio of 0.79 and a beta of 0.83. North American Construction Group has a one year low of C$16.45 and a one year high of C$23.49. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The business's fifty day moving average is C$19.21 and its 200-day moving average is C$19.79.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. Equities research analysts predict that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group's dividend payout ratio is 42.86%.

Insider Buying and Selling at North American Construction Group

In other news, insider North American Construction Group Ltd. bought 165,000 shares of the firm's stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the completion of the transaction, the insider directly owned 165,000 shares of the company's stock, valued at C$3,158,100. This represents a ∞ increase in their position. Also, Director Martin Robert Ferron bought 5,000 shares of the stock in a transaction on Thursday, July 2nd. The stock was purchased at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the completion of the purchase, the director owned 2,300,738 shares of the company's stock, valued at approximately C$40,861,106.88. This trade represents a 0.22% increase in their ownership of the stock. Over the last three months, insiders have acquired 285,000 shares of company stock valued at $5,430,250. 8.93% of the stock is owned by corporate insiders.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source