Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$27.17 and traded as low as C$25.86. North American Construction Group shares last traded at C$25.95, with a volume of 65,543 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NOA shares. National Bankshares cut their target price on shares of North American Construction Group from C$45.00 to C$44.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their price target on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Raymond James raised 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 report on Thursday, January 30th. Cibc World Mkts upgraded shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. Finally, CIBC raised North American Construction Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$38.13.
Read Our Latest Report on NOA
North American Construction Group Stock Performance
The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The company has a market cap of C$651.24 million, a P/E ratio of 11.44, a P/E/G ratio of 0.79 and a beta of 1.59. The stock's fifty day moving average price is C$28.59 and its two-hundred day moving average price is C$27.23.
North American Construction Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.97%. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.
Insider Buying and Selling
In related news, Director Martin Robert Ferron sold 6,209 shares of the company's stock in a transaction on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is owned by insiders.
About North American Construction Group
(
Get Free Report)
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.
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