North American Construction Group Ltd. (TSE:NOA) Receives C$36.13 Consensus Price Target from Analysts

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA has been assigned an average recommendation of "Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$36.13.

Several analysts have recently issued reports on NOA shares. BMO Capital Markets decreased their price objective on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Ventum Financial lowered their price objective on shares of North American Construction Group from C$52.00 to C$47.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Raymond James reduced their target price 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 report on Friday, August 2nd. Canaccord Genuity Group lowered their price target on shares of North American Construction Group from C$34.00 to C$30.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Finally, TD Securities dropped their price target on North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating for the company in a research report on Friday, August 2nd.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 7,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of C$23.70 per share, with a total value of C$165,900.00. In related news, Director Martin Robert Ferron acquired 7,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of C$23.70 per share, for a total transaction of C$165,900.00. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of C$25.88 per share, with a total value of C$51,760.00. Insiders acquired 12,000 shares of company stock worth $290,121 over the last 90 days. Company insiders own 8.93% of the company's stock.

North American Construction Group Price Performance

NOA stock traded up C$0.23 during trading on Friday, reaching C$24.24. The company's stock had a trading volume of 33,111 shares, compared to its average volume of 66,188. 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's fifty day moving average is C$25.23 and its 200-day moving average is C$26.75. The company has a market capitalization of C$647.94 million, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last announced its quarterly earnings data 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. The business had revenue of C$276.31 million during the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. On average, research analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, August 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, August 30th. North American Construction Group's payout ratio is currently 21.86%.

North American Construction Group Company Profile

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.