North American Construction Group Ltd. (TSE:NOA) Given Average Rating of “Buy” by Analysts

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

A number of equities analysts have commented on the stock. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Raymond James raised their target price on North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. ATB Capital lowered their price target on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Finally, Canaccord Genuity Group increased their price objective on shares of 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 bought 2,900 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is owned by insiders.

North American Construction Group Trading Down 0.4 %

Shares of NOA stock opened at C$29.65 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The business’s 50 day moving average is C$26.84 and its two-hundred day moving average is C$26.55. The company has a market cap of C$792.54 million, a PE ratio of 16.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be given a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is currently 21.86%.

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.