North American Construction Group Ltd. (TSE:NOA) Given Average Recommendation of "Buy" by Analysts

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have been assigned a consensus rating of "Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$37.63.

A number of equities analysts have issued reports on NOA shares. CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. ATB Capital decreased their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. National Bankshares lifted their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Raymond James upped their price objective on shares of North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. Finally, Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th.

North American Construction Group Trading Down 0.4 %

TSE NOA traded down C$0.11 during trading on Friday, hitting C$29.65. The company had a trading volume of 17,569 shares, compared to its average volume of 67,291. The company's fifty day moving average is C$26.92 and its 200-day moving average is C$26.57. North American Construction Group has a one year low of C$22.68 and a one year high of C$34.87. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The company has a market cap of C$792.54 million, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.10. North American Construction Group's dividend payout ratio is presently 21.86%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron acquired 6,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. 8.93% of the stock is owned by corporate 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.