Brokerages Set North American Construction Group Ltd. (TSE:NOA) PT at C$40.57

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$40.57.

Several brokerages have commented on NOA. TD Securities upgraded 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 report on Thursday, April 18th. BMO Capital Markets dropped their price target 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, May 2nd. CIBC increased their price objective on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. ATB Capital dropped their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. Finally, National Bankshares increased their price target on shares of North American Construction Group from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$31.85, for a total transaction of C$127,400.00. 8.76% of the stock is currently owned by insiders.

North American Construction Group Trading Down 0.1 %

TSE NOA opened at C$28.07 on Friday. The company has a debt-to-equity ratio of 206.01, a quick ratio of 0.79 and a current ratio of 1.04. The stock has a market cap of C$750.31 million, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64. The stock has a 50 day simple moving average of C$30.81 and a two-hundred day simple moving average of C$29.67. North American Construction Group has a fifty-two week low of C$24.18 and a fifty-two week high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.06. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. The business had revenue of C$326.30 million for the quarter, compared to the consensus estimate of C$315.13 million. On average, analysts forecast that North American Construction Group will post 4.4800638 earnings per share for the current year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, May 31st. North American Construction Group’s dividend payout ratio is presently 22.60%.

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.