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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$40.57.

A number of brokerages have weighed in on NOA. BMO Capital Markets dropped their price target on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. National Bankshares boosted their target price on 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. Finally, TD Securities upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target for the company in a research report on Thursday, April 18th.

North American Construction Group Trading Up 0.1 %

Shares of North American Construction Group stock opened at C$27.14 on Wednesday. North American Construction Group has a fifty-two week low of C$24.85 and a fifty-two week high of C$34.87. The company has a debt-to-equity ratio of 206.01, a quick ratio of 0.79 and a current ratio of 1.04. The firm has a market capitalization of C$725.45 million, a price-to-earnings ratio of 15.33, a PEG ratio of 0.79 and a beta of 1.64. The stock has a 50 day moving average of C$27.34 and a 200 day moving average of C$29.59.

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 analysts’ consensus estimates of C$0.56 by C$0.11. The business had revenue of C$297.03 million during 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%. As a group, research analysts predict that North American Construction Group will post 4.4793388 earnings per share for the current year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, July 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, May 31st. North American Construction Group’s dividend payout ratio is currently 22.60%.

Insiders Place Their Bets

In related news, Director Martin Robert Ferron acquired 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of C$19.81 per share, with a total value of C$99,050.00. Insiders have purchased a total of 22,000 shares of company stock worth $554,850 in the last quarter. 8.78% 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.