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

Key Points

• Analysts give North American Construction Group an average rating of "Moderate Buy" from eight firms (4 buys, 3 holds, 1 strong buy) with a 12‑month average target of C$22.14.
• The stock is trading around C$19.53 with a market cap of C$539.8M and P/E of 17.13, but carries a very high debt‑to‑equity of 201.83 and reported a quarterly loss of C($0.14) EPS.
• Insider activity includes Director John Pollesel buying 2,000 shares at C$17.90 (increasing his stake 133%), insiders own 8.93%, and the company pays a quarterly dividend of C$0.12 (annualized C$0.48) for a ~2.5% yield.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$22.14.

A number of equities research analysts have issued reports on NOA shares. ATB Cormark Capital Markets raised North American Construction Group from a "hold" rating to a "moderate buy" rating and decreased their target price for the stock from C$23.00 to C$21.00 in a research report on Friday, March 13th. BMO Capital Markets cut North American Construction Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$26.00 to C$23.00 in a research report on Thursday, March 12th. Canaccord Genuity Group raised North American Construction Group from a "hold" rating to a "buy" rating and set a C$20.00 target price for the company in a research report on Friday, March 13th. Roth Mkm raised North American Construction Group to a "strong-buy" rating in a research report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce decreased their target price on North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th.

Insider Transactions at North American Construction Group

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

North American Construction Group Trading Down 1.5%

TSE:NOA opened at C$19.53 on Tuesday. The stock's 50 day moving average price is C$20.25 and its 200 day moving average price is C$20.25. North American Construction Group has a 52 week low of C$16.45 and a 52 week high of C$24.90. The company has a market capitalization of C$539.83 million, a P/E ratio of 17.13, a P/E/G ratio of 0.79 and a beta of 0.93. 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 (TSE:NOA - Get Free Report) NYSE: NOA last released its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) EPS for the quarter. North American Construction Group had a return on equity of 7.88% and a net margin of 2.63%.The firm had revenue of C$305.58 million during the quarter. On average, research analysts forecast that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. North American Construction Group's dividend payout ratio is presently 42.11%.

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.

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