National Bankshares Boosts North American Construction Group (TSE:NOA) Price Target to C$47.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective raised by National Bankshares from C$46.00 to C$47.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on NOA. BMO Capital Markets cut their target price on North American Construction Group from C$39.00 to C$37.00 and set an outperform rating on the stock in a research report on Thursday. ATB Capital lowered their price objective on North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. CIBC boosted their price target on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. Finally, TD Securities raised shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 price objective for the company in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of C$40.57.

North American Construction Group Price Performance

North American Construction Group stock opened at C$28.06 on Friday. The firm has a fifty day moving average of C$31.04 and a 200-day moving average of C$29.68. North American Construction Group has a 52-week low of C$24.18 and a 52-week high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05. The firm has a market capitalization of C$750.04 million, a P/E ratio of 13.43, a PEG ratio of 0.79 and a beta of 1.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate 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, analysts predict that North American Construction Group will post 4.4898551 EPS for the current year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.43%. North American Construction Group’s payout ratio is presently 19.14%.

Insiders Place Their Bets

In related news, Director Martin Robert Ferron sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. Corporate insiders own 8.44% of the company’s stock.

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.