North American Construction Group (TSE:NOA) Stock Rating Reaffirmed by Raymond James

Raymond James restated their buy rating on shares of North American Construction Group (TSE:NOA) (NYSE:NOA) in a research report report published on Wednesday morning, Price Targets.com reports. They currently have a C$24.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity lifted their price target on shares of North American Construction Group from C$21.00 to C$25.00 and gave the stock a buy rating in a research note on Tuesday, June 22nd. BMO Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company an outperform rating in a research report on Tuesday, June 22nd. National Bankshares boosted their price objective on shares of North American Construction Group from C$23.00 to C$24.00 and gave the company an outperform rating in a research report on Friday, June 11th. Pi Financial boosted their price objective on shares of North American Construction Group from C$22.00 to C$26.00 and gave the company a buy rating in a research report on Tuesday, June 22nd. Finally, TD Securities boosted their price objective on shares of North American Construction Group from C$18.00 to C$21.00 and gave the company a hold rating in a research report on Tuesday, June 22nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, North American Construction Group presently has a consensus rating of Buy and an average price target of C$24.25.

North American Construction Group stock opened at C$18.80 on Wednesday. The company’s 50-day moving average price is C$17.95 and its 200-day moving average price is C$16.70. North American Construction Group has a twelve month low of C$7.99 and a twelve month high of C$21.30. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 167.37. The company has a market cap of C$534.26 million and a PE ratio of 14.86.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Tuesday, August 31st will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.85%. North American Construction Group’s payout ratio is presently 12.65%.

In related news, Senior Officer Barry Wade Palmer sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of C$19.75, for a total transaction of C$790,000.00. Following the completion of the transaction, the insider now owns 158,754 shares in the company, valued at approximately C$3,135,391.50. Also, Director Martin Robert Ferron sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The stock was sold at an average price of C$20.55, for a total transaction of C$102,750.00. Following the transaction, the director now owns 2,037,532 shares of the company’s stock, valued at approximately C$41,871,282.60. Insiders sold a total of 112,100 shares of company stock valued at $2,226,894 in the last ninety days.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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Analyst Recommendations for North American Construction Group (TSE:NOA)

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