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

Key Points

• Analysts rate North American Construction Group “Moderate Buy.” Of eight analysts, four recommend holding, three recommend buying, and one gives a strong-buy rating; the average 12-month price target is C$22.71.
• Several firms recently raised their price targets, including Raymond James to C$26, ATB Cormark to C$24, and BMO Capital Markets to C$22, though the latter two maintained “sector perform” or “market perform” ratings.
• Insiders purchased 185,000 shares worth about C$3.54 million during the last quarter. The company also pays an annualized dividend of C$0.48 per share, representing a 2.4% yield and a 42.86% payout ratio.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have earned an average rating of "Moderate Buy" from the eight analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$22.71.

A number of research firms have recently commented on NOA. Raymond James Financial increased their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. ATB Cormark Capital Markets upped their target price on North American Construction Group from C$21.00 to C$24.00 and gave the stock a "sector perform" rating in a report on Thursday, May 14th. Finally, BMO Capital Markets increased their price target on North American Construction Group from C$21.00 to C$22.00 and gave the company a "market perform" rating in a research report on Thursday, May 14th.

Insider Buying and Selling

In related news, insider North American Construction Group Ltd. acquired 165,000 shares of the business's stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, with a total value of C$3,158,100.00. Following the acquisition, the insider owned 165,000 shares in the company, valued at C$3,158,100. This represents a ∞ increase in their position. Also, Director Martin Robert Ferron bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average cost of C$17.76 per share, with a total value of C$88,800.00. Following the completion of the purchase, the director directly owned 2,300,738 shares of the company's stock, valued at C$40,861,106.88. This represents a 0.22% increase in their position. In the last quarter, insiders have bought 185,000 shares of company stock worth $3,543,650. Company insiders own 8.93% of the company's stock.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$20.13 on Thursday. The company's fifty day simple moving average is C$19.09 and its 200-day simple moving average is C$19.97. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The firm has a market cap of C$545.58 million, a PE ratio of 17.97, a P/E/G ratio of 0.79 and a beta of 0.83. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$23.49.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last released its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The business had revenue of C$319.22 million during the quarter. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. North American Construction Group's dividend payout ratio is currently 42.86%.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source