North American Construction Group (TSE:NOA) Price Target Cut to C$37.00 by Analysts at BMO Capital Markets

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its target price lowered by BMO Capital Markets from C$39.00 to C$37.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on NOA. TD Securities raised shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 price objective on the stock in a report on Thursday, April 18th. ATB Capital decreased their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. CIBC increased their target price on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Finally, National Bankshares increased their target price on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$40.43.

North American Construction Group Stock Performance

TSE NOA traded down C$0.77 during mid-day trading on Thursday, reaching C$28.31. 201,237 shares of the stock were exchanged, compared to its average volume of 73,583. The business's 50 day moving average is C$31.15 and its 200-day moving average is C$29.69. North American Construction Group has a 1 year low of C$24.18 and a 1 year high of C$34.87. The company has a market capitalization of C$756.73 million, a P/E ratio of 13.55, a P/E/G ratio of 0.79 and a beta of 1.70. The company has a debt-to-equity ratio of 201.05, a quick ratio of 0.79 and a current ratio of 0.91.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The business had revenue of C$326.30 million for the quarter, compared to the consensus estimate of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. On average, equities research analysts forecast that North American Construction Group will post 4.4898551 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 30th. North American Construction Group's payout ratio is 19.14%.

Insider Activity

In other news, Director Martin Robert Ferron sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. Insiders own 8.44% of the company's stock.

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.