North American Construction Group Ltd. (TSE:NOA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate NOA a "Moderate Buy" — eight analysts average a 1-year price target of C$22.14 (ratings: 4 buy, 3 hold, 1 strong buy), though several firms have recently trimmed targets or downgraded the stock.
• Key metrics: NOA opened at C$18.88 with a market cap of ~C$522M, P/E 16.56, last-quarter EPS of C($0.14) on C$305.6M revenue, and relatively high leverage (debt-to-equity 201.83) with weak liquidity (current ratio 0.88, quick ratio 0.79).
• Corporate actions: the company declared a quarterly dividend of C$0.12 (annualized C$0.48, yield 2.5%, ex-dividend Mar 26, payable Apr 9), and a director purchased 2,000 shares at C$17.90, bringing insider ownership to 8.93%.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have been given an average rating of "Moderate Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$22.14.

A number of equities analysts recently weighed in on NOA shares. Roth Mkm upgraded shares of North American Construction Group to a "strong-buy" rating in a report on Thursday, February 5th. Raymond James Financial cut their target price on North American Construction Group from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Friday, March 13th. BMO Capital Markets cut North American Construction Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$26.00 to C$23.00 in a research note on Thursday, March 12th. Canadian Imperial Bank of Commerce lowered their price target on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Finally, TD Securities dropped their price objective on North American Construction Group from C$21.00 to C$19.00 and set a "hold" rating on the stock in a research report on Friday, December 19th.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$18.88 on Friday. The company has a market capitalization of C$521.86 million, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The company has a debt-to-equity ratio of 201.83, a quick ratio of 0.79 and a current ratio of 0.88. North American Construction Group has a one year low of C$16.45 and a one year high of C$24.90. The company's 50-day moving average is C$20.82 and its 200 day moving average is C$20.26.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last issued its earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$305.58 million during the quarter. North American Construction Group had a return on equity of 7.88% and a net margin of 2.63%. Sell-side analysts expect that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 26th. North American Construction Group's dividend payout ratio (DPR) is presently 42.11%.

Insider Activity at North American Construction Group

In related news, Director John Joseph Pollesel acquired 2,000 shares of the firm's stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the acquisition, the director directly owned 3,500 shares of the company's stock, valued at approximately C$62,650. This trade represents a 133.33% increase in their ownership of the stock. 8.93% of the stock is owned by corporate insiders.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada's provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.

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.