North American Construction Group Ltd. (TSE:NOA) Receives C$32.06 Average Target Price from Brokerages

Key Points

• North American Construction Group Ltd. has received a consensus recommendation of "Moderate Buy" from ten brokerages, with six analysts rating it as a buy and four as hold.
• The company's average 12-month target price is C$32.06, but some analysts have recently lowered their price objectives to between C$21.00 and C$28.00.
• North American Construction Group recently declared a quarterly dividend of $0.12, yielding approximately 2.7% annually, and maintains a low dividend payout ratio of 18.81%.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have received a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$32.06.

Several equities research analysts have recently commented on NOA shares. Canaccord Genuity Group lowered North American Construction Group from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from C$33.00 to C$24.50 in a research note on Friday, July 11th. 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. Atb Cap Markets lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Cibc World Mkts lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating and cut their price target for the stock from C$25.00 to C$21.00 in a research note on Thursday, August 14th.

North American Construction Group Stock Performance

Shares of TSE:NOA traded up C$0.02 during midday trading on Thursday, hitting C$18.14. The company had a trading volume of 157,190 shares, compared to its average volume of 92,817. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The company has a market cap of C$485.55 million, a price-to-earnings ratio of 8.53, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 12-month low of C$16.78 and a 12-month high of C$31.67. The company has a fifty day moving average of C$21.20 and a two-hundred day moving average of C$22.57.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 4th. North American Construction Group's dividend payout ratio is 18.81%.

Insider Activity 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 dated Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. 8.93% of the stock is owned by company insiders.

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.