North American Construction Group (TSE:NOA) Given New C$40.00 Price Target at Raymond James

North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its target price boosted by Raymond James from C$35.00 to C$40.00 in a report released on Friday,BayStreet.CA reports. Raymond James also issued estimates for North American Construction Group's Q1 2025 earnings at $1.07 EPS.

NOA has been the topic of several other research reports. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday. National Bankshares increased their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. CIBC upgraded shares of North American Construction Group from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday. Canaccord Genuity Group increased their price objective on North American Construction Group from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, ATB Capital lowered their target price on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$37.63.

North American Construction Group Trading Down 0.5 %

TSE:NOA traded down C$0.15 during trading hours on Friday, reaching C$29.40. 136,400 shares of the stock were exchanged, compared to its average volume of 67,600. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87. The business has a 50-day moving average of C$26.56 and a two-hundred day moving average of C$26.50. The company has a market capitalization of C$785.86 million, a price-to-earnings ratio of 16.07, a PEG ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is 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 dividend payout ratio is 21.86%.

Insiders Place Their Bets

In related news, Director Martin Robert Ferron acquired 6,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$27.98 per share, with a total value of C$167,884.20. Insiders acquired 11,900 shares of company stock valued at $320,617 in the last ninety days. Insiders own 8.93% of the company's stock.

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.