North American Construction Group (TSE:NOA) Upgraded to Buy by TD Securities

TD Securities upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a hold rating to a buy rating in a research report report published on Thursday, BayStreet.CA reports. TD Securities currently has C$34.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. ATB Capital decreased their price target on North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares raised their price target on North American Construction Group from C$43.00 to C$46.00 in a report on Friday, March 15th. BMO Capital Markets raised their price target on North American Construction Group from C$39.00 to C$42.00 in a report on Thursday, March 14th. Finally, CIBC raised their price objective on North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, North American Construction Group presently has a consensus rating of Buy and a consensus price target of C$40.13.

North American Construction Group Price Performance

Shares of North American Construction Group stock opened at C$28.38 on Thursday. The company has a debt-to-equity ratio of 201.05, a quick ratio of 0.79 and a current ratio of 0.91. The stock’s fifty day moving average is C$31.80 and its 200 day moving average is C$29.73. The stock has a market cap of C$758.60 million, a P/E ratio of 13.58, a P/E/G ratio of 0.79 and a beta of 1.70. North American Construction Group has a one year low of C$24.04 and a one year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.06. The business had revenue of C$326.30 million for the quarter, compared to analysts’ expectations of C$315.13 million. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. Sell-side analysts anticipate that North American Construction Group will post 4.4898551 earnings per share for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. North American Construction Group’s payout ratio is 19.14%.

Insider Activity

In related news, Director Martin Robert Ferron sold 20,000 shares of North American Construction Group stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total value of C$457,000.00. Company insiders own 8.44% of the company’s stock.

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.