North American Construction Group Ltd. (TSE:NOA) Given Average Recommendation of “Moderate Buy” by Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$22.71.

Several research firms recently issued reports on NOA. Raymond James Financial lifted their price objective on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. ATB Cormark Capital Markets raised their target price on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. BMO Capital Markets raised their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a research note on Friday, March 13th.

North American Construction Group Trading Down 0.2%

NOA stock opened at C$19.08 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. North American Construction Group has a 12-month low of C$16.45 and a 12-month high of C$24.90. The stock has a market cap of C$517.13 million, a price-to-earnings ratio of 17.04, a PEG ratio of 0.79 and a beta of 0.86. The business’s 50-day moving average is C$19.60 and its 200 day moving average is C$20.17.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The company had revenue of C$319.22 million for the quarter. On average, sell-side analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of C$20.45 per share, with a total value of C$204,500.00. Following the purchase, the director directly owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. This trade represents a 0.44% increase in their position. Also, Director John Joseph Pollesel bought 2,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of C$17.90 per share, for a total transaction of C$35,800.00. Following the completion of the purchase, the director directly owned 3,500 shares in the company, valued at approximately C$62,650. This represents a 133.33% increase in their ownership of the stock. Company insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.