North American Construction Group Ltd. (TSE:NOA) Receives C$22.71 Consensus PT from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.71.

A number of research firms recently issued reports on NOA. ATB Cormark Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. BMO Capital Markets increased their price target on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial lifted their price objective on North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th.

North American Construction Group Price Performance

North American Construction Group stock opened at C$21.41 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. North American Construction Group has a 52-week low of C$16.45 and a 52-week high of C$23.49. The firm has a market cap of C$580.28 million, a PE ratio of 19.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company’s 50 day moving average is C$19.26 and its two-hundred day moving average is C$19.95.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The business had revenue of C$400.96 million during the quarter. On average, research analysts expect that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a $0.12 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. North American Construction Group’s payout ratio is currently 42.86%.

Insider Buying and Selling

In other news, insider North American Construction Group Ltd. purchased 165,000 shares of the stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the acquisition, the insider directly owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. The trade was a ? increase in their position. Also, Director Martin Robert Ferron acquired 10,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the transaction, the director owned 2,285,738 shares in the company, valued at approximately C$46,743,342.10. The trade was a 0.44% increase in their position. Insiders purchased 185,000 shares of company stock valued at $3,543,650 in the last quarter. 8.93% of the stock is owned by insiders.

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.