North American Construction Group Ltd. (TSE:NOA) Receives C$37.00 Consensus Target Price from Brokerages

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned a consensus recommendation of "Buy" from the six brokerages that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$37.00.

A number of research firms have issued reports on NOA. BMO Capital Markets decreased their price objective on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Ventum Financial dropped 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 report on Friday, August 2nd. National Bankshares reduced their target price on North American Construction Group from C$47.00 to C$39.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. ATB Capital dropped their price target on North American Construction Group from C$45.00 to C$40.00 in a research note on Friday, August 2nd. Finally, Raymond James reduced their price objective on shares of North American Construction Group from C$40.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd.

North American Construction Group Trading Down 1.1 %

TSE NOA traded down C$0.30 during trading on Thursday, hitting C$25.93. 44,746 shares of the company's stock traded hands, compared to its average volume of 69,068. The stock has a fifty day moving average of C$26.13 and a two-hundred day moving average of C$28.52. North American Construction Group has a 12-month low of C$23.59 and a 12-month high of C$34.87. The firm has a market cap of C$693.11 million, a P/E ratio of 14.33, a PEG ratio of 0.79 and a beta of 1.61. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for 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 3.9671642 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 30th. North American Construction Group's dividend payout ratio (DPR) is presently 21.86%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 7,000 shares of the firm's stock in a transaction on Friday, August 9th. The stock was acquired at an average price of C$23.70 per share, with a total value of C$165,900.00. Insiders own 8.92% 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.