TD Securities Cuts North American Construction Group (TSE:NOA) Price Target to C$27.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective decreased by TD Securities from C$33.00 to C$27.00 in a research report released on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

NOA has been the topic of a number of other research reports. BMO Capital Markets cut their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. CIBC decreased their target price on North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. National Bankshares dropped their price target on 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, March 21st. Ventum Financial decreased their price objective on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a report on Thursday, January 30th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, North American Construction Group presently has a consensus rating of “Buy” and a consensus price target of C$36.00.

North American Construction Group Trading Up 0.7 %

TSE:NOA opened at C$21.22 on Wednesday. The stock has a fifty day simple moving average of C$23.39 and a 200 day simple moving average of C$26.40. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The firm has a market capitalization of C$568.00 million, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1-year low of C$18.83 and a 1-year high of C$31.67.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. North American Construction Group’s payout ratio is 18.81%.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock in a transaction on Thursday, March 27th. The stock was bought at an average price of C$23.21 per share, with a total value of C$92,835.60. Over the last quarter, insiders have acquired 18,000 shares of company stock valued at $408,772. 8.93% of the stock is currently owned by corporate insiders.

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.