North American Construction Group Ltd. (TSE:NOA) Receives C$35.63 Consensus Price Target from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have earned a consensus rating of "Buy" from the eight brokerages that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$35.63.

NOA has been the subject of a number of recent analyst reports. Raymond James cut shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price target for the company. in a research report on Tuesday, April 22nd. CIBC cut their price target on shares of North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. Ventum Financial reduced their price target on shares of North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. ATB Capital dropped their price objective on shares of North American Construction Group from C$37.00 to C$36.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Finally, National Bankshares cut their target price on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron purchased 10,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of C$22.27 per share, with a total value of C$222,700.00. Over the last quarter, insiders bought 18,000 shares of company stock worth $408,772. Corporate insiders own 8.93% of the company's stock.

North American Construction Group Trading Down 0.8%

TSE NOA traded down C$0.20 on Friday, reaching C$24.42. 25,628 shares of the company were exchanged, compared to its average volume of 84,131. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The business's fifty day moving average price is C$22.11 and its 200 day moving average price is C$25.56. The stock has a market capitalization of C$653.65 million, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. North American Construction Group's dividend payout ratio (DPR) is currently 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.