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

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have earned a consensus recommendation of "Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$36.00.

Several research analysts recently weighed in on NOA shares. Ventum Financial reduced their price target on shares of North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a research report on Friday, March 21st. BMO Capital Markets reduced their target price on North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. National Bankshares lowered their price target on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. CIBC reduced their price objective on North American Construction Group from C$38.00 to C$37.00 in a research note on Thursday, April 10th. Finally, Raymond James raised shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 target price on the stock in a research note on Thursday, January 30th.

North American Construction Group Price Performance

TSE:NOA traded up C$0.16 during trading hours on Friday, reaching C$21.27. 28,620 shares of the company were exchanged, compared to its average volume of 88,032. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The firm has a market cap of C$569.33 million, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67. The stock's 50-day moving average is C$23.28 and its 200-day moving average is C$26.38.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group's payout ratio is presently 18.81%.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of C$23.21 per share, for a total transaction of C$92,835.60. Over the last three months, insiders have acquired 18,000 shares of company stock worth $408,772. Insiders own 8.93% of the company's stock.

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.