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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$28.06.

Several equities research analysts have weighed in on NOA shares. National Bank Financial set a C$28.00 price target on North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. TD Securities dropped their target price on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Canadian Imperial Bank of Commerce lowered their price objective on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. Finally, Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th.

North American Construction Group Trading Down 1.0%

Shares of NOA opened at C$21.66 on Thursday. The stock has a 50 day simple moving average of C$20.27 and a 200-day simple moving average of C$19.95. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The stock has a market cap of C$629.76 million, a PE ratio of 17.06, a PEG ratio of 0.79 and a beta of 0.35. North American Construction Group has a 1 year low of C$16.78 and a 1 year high of C$27.21.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share for the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%.The company had revenue of C$317.25 million during the quarter. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, November 26th. North American Construction Group’s dividend payout ratio is currently 37.80%.

About North American Construction Group

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.