North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of “Buy” from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned an average rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$37.63.

NOA has been the subject of a number of research analyst reports. Raymond James lifted their target price on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. Canaccord Genuity Group lifted their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. National Bankshares increased their target price on North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. ATB Capital lowered their target price on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Finally, CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th.

North American Construction Group Trading Down 1.0 %

Shares of NOA stock opened at C$29.14 on Friday. The company has a market capitalization of C$778.91 million, a P/E ratio of 15.92, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a 12-month low of C$22.68 and a 12-month high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The firm has a 50-day moving average price of C$27.31 and a 200 day moving average price of C$26.63.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

Insider Buying and Selling

In other news, Director Martin Robert Ferron purchased 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, for a total transaction of C$80,272.00. 8.93% of the stock is currently owned by 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.