TD Securities Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by TD Securities from C$33.00 to C$27.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages also recently commented on NOA. BMO Capital Markets reduced their price objective on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a research note on Thursday, January 30th. National Bankshares dropped their price objective on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Ventum Financial decreased their target price on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, CIBC dropped their price target on shares of North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$36.00.

North American Construction Group Price Performance

TSE NOA opened at C$21.22 on Wednesday. The stock has a market capitalization of C$568.00 million, a PE ratio of 9.98, a P/E/G ratio of 0.79 and a beta of 1.59. The stock has a 50-day simple moving average of C$23.39 and a 200 day simple moving average of C$26.40. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. North American Construction Group’s dividend payout ratio is 18.81%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$22.27 per share, for a total transaction of C$222,700.00. In the last 90 days, insiders purchased 18,000 shares of company stock worth $408,772. 8.93% of the stock is currently owned by corporate insiders.

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.