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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$22.71.

A number of research firms have recently commented on NOA. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research note on Friday, March 13th. Raymond James Financial upped their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. BMO Capital Markets upped their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets upped their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price 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 in the company, valued at C$46,743,342.10. The trade was a 0.44% increase in their position. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Price Performance

TSE:NOA opened at C$19.17 on Wednesday. The firm has a market cap of C$519.56 million, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. The company’s 50-day moving average is C$19.61 and its two-hundred day moving average is C$20.13. North American Construction Group has a 12-month low of C$16.45 and a 12-month high of C$23.49.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$319.22 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. Research analysts expect that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio is currently 42.86%.

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.