North American Construction Group Ltd. (TSE:NOA) Receives C$32.06 Average PT from Analysts

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%.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$32.06.

Several research firms recently weighed in on NOA. National Bankshares decreased their price target on North American Construction Group from C$40.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. ATB Capital decreased their price target on North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating on the stock in a report on Friday, June 27th. TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating and decreased their price target for the company from C$25.00 to C$21.00 in a report on Thursday, August 14th. Atb Cap Markets lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Cibc World Mkts lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th.

North American Construction Group Price Performance

Shares of NOA traded up C$0.25 during mid-day trading on Thursday, hitting C$18.76. 139,394 shares of the stock were exchanged, compared to its average volume of 92,609. The company has a market cap of C$502.15 million, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$16.78 and a 52-week high of C$31.67. The firm has a 50-day moving average of C$21.44 and a two-hundred day moving average of C$22.70. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Dividend Announcement

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 2.6%. The ex-dividend date of this dividend was Wednesday, June 4th. North American Construction Group's dividend payout ratio is 18.81%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the company's 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. 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.