North American Construction Group Ltd. (TSE:NOA) Receives Consensus Recommendation of "Buy" from Brokerages

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned an average recommendation of "Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$37.63.

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

Insider Activity

In related news, Director Martin Robert Ferron purchased 2,900 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. Corporate insiders own 8.93% of the company's stock.

North American Construction Group Stock Performance

Shares of NOA stock traded down C$2.35 during trading on Wednesday, reaching C$29.23. The company had a trading volume of 126,401 shares, compared to its average volume of 62,201. The firm's 50 day simple moving average is C$28.93 and its two-hundred day simple moving average is C$26.85. 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 debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. The company has a market capitalization of C$781.32 million, a PE ratio of 15.97, a PEG 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 was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.10. North American Construction Group's payout ratio is 21.86%.

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.