North American Construction Group Ltd. (TSE:NOA) Stock Has Average Price Target of C$22.71

Key Points

• Analysts maintain a moderately bullish view: North American Construction Group has a consensus “Moderate Buy” rating from seven brokerages, with an average 12-month price target of C$22.71. National Bank Financial recently lowered its target from C$30 to C$28 while retaining an “outperform” rating.
• Insider buying signals confidence: An insider purchased 110,000 shares at an average price of C$19.01, totaling approximately C$2.09 million; insiders now own 8.93% of the company.
• The company offers income but carries leverage: NACG reported quarterly revenue of C$400.96 million and EPS of C$0.32, while its quarterly dividend implies a 3.0% yield. However, its debt-to-equity ratio is elevated at 246.95, and the stock recently traded at C$16.11, near its 52-week low of C$15.40.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$22.71.

Separately, National Bank Financial cut their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday, August 14th.

Insider Activity at North American Construction Group

In other news, insider North American Construction Group Ltd. bought 110,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the purchase, the insider owned 110,000 shares in the company, valued at approximately C$2,091,100. This trade represents a ∞ increase in their ownership of the stock. Insiders own 8.93% of the company's stock.

North American Construction Group Stock Performance

TSE NOA opened at C$16.11 on Tuesday. The firm has a 50-day moving average of C$18.08 and a 200-day moving average of C$18.95. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market cap of C$433.58 million, a PE ratio of 14.38, a P/E/G ratio of 0.79 and a beta of 0.83. North American Construction Group has a 52-week low of C$15.40 and a 52-week high of C$23.49.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last announced its earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The business had revenue of C$400.96 million during the quarter. On average, sell-side analysts anticipate that North American Construction Group will post 4.06 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. North American Construction Group's dividend payout ratio is presently 42.86%.

About North American Construction Group

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.

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