North American Construction Group Ltd. (TSE:NOA) Stock Has Consensus Target Price of C$22.71

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$22.71.

Separately, National Bank Financial reduced their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 5,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the completion of the acquisition, the director owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. This represents a 0.22% increase in their position. Also, insider North American Construction Group Ltd. acquired 110,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the purchase, the insider directly owned 110,000 shares of the company’s stock, valued at approximately C$2,091,100. This represents a ∞ increase in their position. In the last three months, insiders purchased 280,000 shares of company stock valued at $5,338,000. 8.93% of the stock is currently owned by insiders.

North American Construction Group Price Performance

Shares of TSE NOA opened at C$17.73 on Friday. The firm has a market capitalization of C$477.19 million, a P/E ratio of 15.83, a P/E/G ratio of 0.79 and a beta of 0.89. The firm’s 50-day moving average price is C$18.92 and its 200-day moving average price is C$19.23. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 246.95. North American Construction Group has a 1-year low of C$16.45 and a 1-year high of C$23.49.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a return on equity of 7.40% and a net margin of 2.41%.The company had revenue of C$400.96 million during the quarter. Equities research analysts anticipate that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, October 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.