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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$40.57.

NOA has been the topic of a number of recent research reports. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective on the stock in a research note 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 research note on Thursday, May 2nd. Finally, National Bankshares raised their target price on shares of North American Construction Group from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron bought 12,000 shares of North American Construction Group stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of C$26.45 per share, with a total value of C$317,400.00. Over the last quarter, insiders purchased 22,000 shares of company stock valued at $554,850. Insiders own 8.78% of the company’s stock.

North American Construction Group Price Performance

Shares of NOA stock opened at C$27.09 on Wednesday. The company has a debt-to-equity ratio of 206.01, a current ratio of 1.04 and a quick ratio of 0.79. The company’s 50-day simple moving average is C$27.38 and its two-hundred day simple moving average is C$29.60. North American Construction Group has a one year low of C$24.18 and a one year high of C$34.87. The company has a market capitalization of C$724.12 million, a P/E ratio of 15.31, a P/E/G ratio of 0.79 and a beta of 1.64.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.11. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. The firm had revenue of C$297.03 million for the quarter, compared to the consensus estimate of C$295.07 million. As a group, equities analysts anticipate that North American Construction Group will post 4.4793388 EPS for the current year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, July 5th were issued a $0.10 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. North American Construction Group’s dividend payout ratio is currently 22.60%.

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.