North American Construction Group (TSE:NOA) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of North American Construction Group (TSE:NOA - Free Report) NYSE: NOA from an outperform rating to a strong-buy rating in a research report released on Thursday,BayStreet.CA reports. Raymond James currently has C$40.00 price target on the stock.

NOA has been the subject of several other research reports. National Bankshares dropped their price target 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 note on Thursday. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and upped their price target 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 report on Friday, November 1st. Finally, Canaccord Genuity Group upped their target price on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$38.13.

North American Construction Group Price Performance

NOA traded down C$0.62 on Thursday, reaching C$27.60. The stock had a trading volume of 130,363 shares, compared to its average volume of 69,595. The firm has a 50-day moving average of C$29.53 and a 200-day moving average of C$27.15. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87. The company has a market capitalization of C$737.75 million, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last released its quarterly earnings data on Wednesday, October 30th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.02. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The company had revenue of C$286.86 million during the quarter, compared to the consensus estimate of C$294.95 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. As a group, sell-side analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current year.

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. This is an increase from North American Construction Group's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group's payout ratio is presently 21.86%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron sold 6,209 shares of the company's stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. Company 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.