Brokerages Set North American Construction Group Ltd. (TSE:NOA) Target Price at C$40.57

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$40.57.

NOA has been the topic of a number of research reports. National Bankshares boosted their target price on shares of North American Construction Group from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets dropped their price target on North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. TD Securities raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective for the company in a research note on Thursday, April 18th. ATB Capital lowered their target price on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. Finally, CIBC lifted their price target on North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th.

North American Construction Group Trading Up 0.4 %

NOA opened at C$26.12 on Friday. The company’s 50 day moving average is C$28.14 and its 200-day moving average is C$29.73. The company has a market cap of C$698.19 million, a P/E ratio of 14.76, a PEG ratio of 0.79 and a beta of 1.64. 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 current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 206.01.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.67 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.11. The company had revenue of C$297.03 million for the quarter, compared to analysts’ expectations of C$295.07 million. North American Construction Group had a return on equity of 15.22% and a net margin of 5.21%. Equities research analysts predict that North American Construction Group will post 4.4793388 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, May 31st. North American Construction Group’s payout ratio is 22.60%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron purchased 12,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average price of C$26.45 per share, for a total transaction of C$317,400.00. Insiders purchased a total of 22,000 shares of company stock valued at $554,850 in the last quarter. 8.78% of the stock is owned by insiders.

North American Construction Group Company Profile

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.