North American Construction Group Ltd. (TSE:NOA) Receives Average Recommendation of “Buy” from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$37.63.

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

Insider Buying and Selling

In related news, Director Martin Robert Ferron purchased 2,900 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Trading Down 1.7 %

Shares of NOA opened at C$29.40 on Friday. The firm has a market cap of C$785.86 million, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87. 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 business has a 50-day moving average of C$27.16 and a 200 day moving average of C$26.62.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio is presently 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.