North American Construction Group Ltd. (TSE:NOA) Receives C$40.57 Consensus Target Price from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given an average rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is C$40.57.

Several brokerages have weighed in on NOA. TD Securities raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective for the company in a report on Thursday, April 18th. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. ATB Capital reduced their price target on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. National Bankshares lifted their price target on shares of North American Construction Group from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, CIBC lifted their target price on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th.

North American Construction Group Price Performance

TSE NOA opened at C$28.07 on Friday. The stock has a 50-day simple moving average of C$30.81 and a 200 day simple moving average of C$29.67. North American Construction Group has a twelve month low of C$24.18 and a twelve month high of C$34.87. The stock has a market capitalization of C$750.31 million, a PE ratio of 15.86, a P/E/G ratio of 0.79 and a beta of 1.64. The company has a debt-to-equity ratio of 206.01, a quick ratio of 0.79 and a current ratio of 1.04.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The firm had revenue of C$326.30 million during the quarter, compared to analysts’ expectations of C$315.13 million. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. Research analysts anticipate that North American Construction Group will post 4.4800638 EPS for the current year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. North American Construction Group’s payout ratio is 22.60%.

Insider Activity at North American Construction Group

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 shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00. 8.76% of the stock is owned by company insiders.

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.