North American Construction Group (TSE:NOA) Price Target Raised to C$47.00 at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price hoisted by National Bankshares from C$46.00 to C$47.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on NOA. CIBC lifted their target price on North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. ATB Capital reduced their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. BMO Capital Markets dropped their price target on shares of North American Construction Group from C$39.00 to C$37.00 and set an outperform rating on the stock in a research report on Thursday, May 2nd. Finally, TD Securities raised shares of 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 research report on Thursday, April 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of C$40.57.

North American Construction Group Stock Up 0.1 %

North American Construction Group stock opened at C$28.09 on Friday. The company has a market capitalization of C$750.85 million, a PE ratio of 13.44, a PEG ratio of 0.79 and a beta of 1.70. North American Construction Group has a 12-month low of C$24.18 and a 12-month high of C$34.87. The firm’s fifty day moving average is C$30.93 and its 200 day moving average is C$29.67. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data 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. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. The firm had revenue of C$326.30 million during the quarter, compared to analysts’ expectations of C$315.13 million. As a group, sell-side analysts predict that North American Construction Group will post 4.4898551 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 30th. North American Construction Group’s dividend payout ratio (DPR) is 19.14%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron sold 4,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$31.85, for a total transaction of C$127,400.00. Corporate 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.