North American Construction Group Ltd. (TSE:NOA) Given Consensus Recommendation of “Buy” by Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$35.63.

NOA has been the topic of a number of recent research reports. ATB Capital decreased their target price on North American Construction Group from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Ventum Financial decreased their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, March 21st. TD Securities decreased their price target on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets cut their price objective on North American Construction Group from C$34.00 to C$30.00 in a research report on Thursday, April 17th. Finally, National Bankshares cut their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 21st.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of C$22.27 per share, with a total value of C$222,700.00. In the last ninety days, insiders purchased 18,000 shares of company stock valued at $408,772. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Stock Up 1.6%

Shares of North American Construction Group stock opened at C$24.81 on Friday. The business’s fifty day moving average price is C$22.25 and its two-hundred day moving average price is C$25.53. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The company has a market capitalization of C$664.09 million, a P/E ratio of 11.66, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1-year low of C$18.83 and a 1-year high of C$31.67.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.93%. North American Construction Group’s payout ratio is presently 18.81%.

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.