North American Construction Group (TSE:NOA) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• North American Construction Group shares rose above their 50-day moving average, reaching C$17.82 before closing at C$17.71. The stock remains below its 200-day average of C$19.43.
• Analyst sentiment is generally positive: ATB Cormark upgraded the stock to “moderate buy” with a C$23.50 target, while the consensus rating is “Moderate Buy” with an average target of C$22.64.
• The company reported quarterly revenue of C$400.96 million and earnings of C$0.32 per share, while maintaining a quarterly dividend of C$0.12, equivalent to a 2.7% yield.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$17.62 and traded as high as C$17.82. North American Construction Group shares last traded at C$17.71, with a volume of 91,231 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. ATB Cormark Capital Markets raised shares of North American Construction Group from a "hold" rating to a "moderate buy" rating and set a C$23.50 price target for the company in a research note on Monday. National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$22.64.

North American Construction Group Stock Performance

The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The company has a market capitalization of C$476.65 million, a price-to-earnings ratio of 15.81, a PEG ratio of 0.79 and a beta of 0.83. The firm's fifty day simple moving average is C$17.62 and its 200 day simple moving average is C$19.43.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The firm had revenue of C$400.96 million during the quarter. On average, sell-side analysts forecast that North American Construction Group Ltd. will post 4.06 EPS for the current year.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group's dividend payout ratio (DPR) is 42.86%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, insider North American Construction Group Ltd. purchased 110,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the transaction, the insider owned 110,000 shares of the company's stock, valued at approximately C$2,091,100. This represents a ∞ increase in their ownership of the stock. Corporate insiders own 8.93% of the company's stock.

North American Construction Group Company Profile

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.

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