North American Construction Group Ltd. (TSE:NOA) Given Consensus Recommendation of "Buy" by Brokerages

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$35.63.

NOA has been the topic of several research analyst reports. Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price objective on the stock. in a research note on Tuesday, April 22nd. CIBC reduced their target price on shares of North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. BMO Capital Markets decreased their price target on North American Construction Group from C$34.00 to C$30.00 in a research report on Thursday, April 17th. TD Securities decreased their price objective on shares of North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, National Bankshares dropped their target price on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research report on Friday, March 21st.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of C$23.21 per share, with a total value of C$92,835.60. Insiders acquired 18,000 shares of company stock worth $408,772 over the last ninety days. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Stock Performance

Shares of TSE:NOA traded up C$0.57 during midday trading on Friday, hitting C$24.42. The company's stock had a trading volume of 26,670 shares, compared to its average volume of 85,134. The stock has a market capitalization of C$653.65 million, a price-to-earnings ratio of 11.48, a PEG ratio of 0.79 and a beta of 1.59. The stock's 50 day simple moving average is C$22.08 and its 200 day simple moving average is C$25.60. 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 has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is 18.81%.

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.