North American Construction Group (TSE:NOA - Free Report) NYSE: NOA had its price target hoisted by Canaccord Genuity Group from C$30.00 to C$32.00 in a report released on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other brokerages have also weighed in on NOA. TD Securities lowered their price objective on North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Ventum Financial lowered their price objective on North American Construction Group from C$52.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Raymond James lowered their price objective on North American Construction Group from C$40.00 to C$35.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. BMO Capital Markets lowered their price objective on North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Finally, ATB Capital reduced their target price on North American Construction Group from C$45.00 to C$40.00 in a report on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$36.25.
Read Our Latest Stock Analysis on NOA
North American Construction Group Stock Up 0.7 %
Shares of NOA stock traded up C$0.19 during trading hours on Friday, reaching C$27.34. The company had a trading volume of 156,511 shares, compared to its average volume of 67,884. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87. The company has a market capitalization of C$730.80 million, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The stock's fifty day simple moving average is C$25.19 and its 200 day simple moving average is C$26.57.
North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.79 by C$0.06. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The business had revenue of C$276.31 million during the quarter, compared to analyst estimates of C$314.61 million. As a group, sell-side analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.
North American Construction Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be issued a $0.12 dividend. This is an increase from North American Construction Group's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. North American Construction Group's dividend payout ratio (DPR) is 21.86%.
Insider Buying and Selling
In other North American Construction Group news, Director Martin Robert Ferron bought 7,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$23.70 per share, with a total value of C$165,900.00. In other news, Director Martin Robert Ferron purchased 7,000 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of C$23.70 per share, for a total transaction of C$165,900.00. Also, Director Maryse C. Saint-Laurent purchased 2,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. In the last 90 days, insiders have purchased 12,000 shares of company stock valued at $290,121. Insiders own 8.93% of the company's stock.
About North American Construction Group
(
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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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