North American Construction Group (TSE:NOA) PT Lowered to C$37.00 at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target decreased by BMO Capital Markets from C$39.00 to C$37.00 in a research report released on Thursday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

NOA has been the subject of several other research reports. National Bankshares raised their target price on North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. TD Securities upgraded North American Construction Group from a hold rating to a buy rating and set a C$34.00 target price for the company in a research report on Thursday, April 18th. ATB Capital cut their target price on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. Finally, CIBC raised their target price on North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group has an average rating of Buy and an average target price of C$40.57.

North American Construction Group Price Performance

Shares of NOA stock opened at C$28.06 on Thursday. The stock has a 50 day moving average of C$31.04 and a two-hundred day moving average of C$29.68. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 201.05. North American Construction Group has a 12 month low of C$24.18 and a 12 month high of C$34.87. The company has a market capitalization of C$750.04 million, a P/E ratio of 13.43, a P/E/G ratio of 0.79 and a beta of 1.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.06. The company had revenue of C$326.30 million during the quarter, compared to the consensus estimate of C$315.13 million. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. As a group, equities analysts expect that North American Construction Group will post 4.4898551 EPS for the current year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. North American Construction Group’s dividend payout ratio (DPR) is currently 19.14%.

Insider Activity

In other news, Director Martin Robert Ferron sold 20,000 shares of North American Construction Group stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total value of C$457,000.00. Insiders own 8.44% of the company’s stock.

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.