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

Key Points

• North American Construction Group Ltd. has received an average consensus rating of "Buy" from nine brokerages, with a twelve-month target price of C$34.17.
• The company declared a quarterly dividend of $0.12 per share, yielding 2.28% annually, with a payout ratio of 18.81%.
• Recent insider transactions include Director Martin Robert Ferron selling 10,000 shares at an average price of C$24.74.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have been assigned a consensus recommendation of "Buy" from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$34.17.

A number of brokerages recently issued reports on NOA. BMO Capital Markets lowered their price target on North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. CIBC reduced their price objective on North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group cut North American Construction Group from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from C$33.00 to C$24.50 in a research note on Friday, July 11th. TD Securities reduced their price objective on North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, ATB Capital reduced their price objective on North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating for the company in a research note on Friday, June 27th.

North American Construction Group Stock Down 1.4%

NOA traded down C$0.30 on Friday, reaching C$21.27. The company's stock had a trading volume of 4,300 shares, compared to its average volume of 81,001. The stock has a 50 day moving average of C$22.85 and a two-hundred day moving average of C$23.80. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The company has a market capitalization of C$569.33 million, a price-to-earnings ratio of 10.00, a P/E/G 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 4th. North American Construction Group's payout ratio is 18.81%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$24.74, for a total value of C$247,400.00. Insiders own 8.93% of the company's stock.

About North American Construction Group

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.