North American Construction Group Ltd. (TSE:NOA) Receives C$37.63 Consensus PT from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$37.63.

A number of brokerages recently commented on NOA. Raymond James raised their price objective on shares of North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. Canaccord Genuity Group lifted their price target on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. ATB Capital reduced their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron acquired 2,900 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$27.68 per share, with a total value of C$80,272.00. Company insiders own 8.93% of the company’s stock.

North American Construction Group Price Performance

Shares of NOA opened at C$29.14 on Friday. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The firm has a market capitalization of C$778.91 million, a PE ratio of 15.92, 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$27.31 and a 200 day simple moving average of C$26.63. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is currently 21.86%.

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.