North American Construction Group (TSE:NOA) Given New C$42.00 Price Target at Ventum Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target decreased by Ventum Financial from C$45.00 to C$42.00 in a research note issued to investors on Friday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. National Bankshares decreased their target price on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday. 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 objective on the stock in a report on Thursday, January 30th. CIBC upgraded shares of 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 report on Thursday, December 5th. BMO Capital Markets cut their target price on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$37.38.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at C$23.10 on Friday. The firm has a market cap of C$618.32 million, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. North American Construction Group has a 52 week low of C$21.88 and a 52 week high of C$31.91. The business’s fifty day simple moving average is C$26.52 and its 200-day simple moving average is C$27.02.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.08%. North American Construction Group’s dividend payout ratio (DPR) is presently 18.81%.

Insider Buying and Selling

In related news, Director Martin Robert Ferron sold 6,209 shares of the firm’s stock in a transaction that occurred on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by insiders.

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.