Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$26.95 and traded as high as C$30.39. North American Construction Group shares last traded at C$30.24, with a volume of 43,249 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and upped their price objective for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. ATB Capital lowered 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 lifted their price objective on 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 World Mkts upgraded North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Finally, Raymond James lifted their price target on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$37.63.
Check Out Our Latest Analysis on North American Construction Group
North American Construction Group Price Performance
The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a 50 day moving average of C$29.32 and a 200-day moving average of C$26.98. The stock has a market capitalization of C$802.70 million, a P/E ratio of 16.41, a PEG ratio of 0.79 and a beta of 1.59.
North American Construction Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.60%. This is a boost from North American Construction Group's previous quarterly dividend of $0.10. North American Construction Group's dividend payout ratio (DPR) is currently 21.86%.
Insider Buying and Selling at North American Construction Group
In other news, Director Martin Robert Ferron purchased 2,900 shares of North American Construction Group stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is currently owned by insiders.
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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