North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.17 and traded as low as C$26.30. North American Construction Group shares last traded at C$26.78, with a volume of 103,856 shares trading hands.
Analyst Upgrades and Downgrades
NOA has been the topic of several research reports. Cibc World Mkts upgraded North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. ATB Capital dropped their price objective on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. National Bankshares decreased their target price on North American Construction Group from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. 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 report on Thursday, January 30th. Finally, CIBC raised 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 report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$38.13.
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North American Construction Group Trading Down 1.6 %
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 business has a fifty day simple moving average of C$29.04 and a 200 day simple moving average of C$27.16. The stock has a market capitalization of C$705.04 million, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.
North American Construction Group Increases Dividend
The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.82%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, November 27th. North American Construction Group's dividend payout ratio is currently 18.81%.
Insider Buying and Selling at North American Construction Group
In other 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. Insiders own 8.93% of the company's stock.
North American Construction Group Company Profile
(
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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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