North American Construction Group Ltd. (TSE:NOA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$37.00.

Several research firms have commented on NOA. National Bankshares decreased their price target on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Ventum Financial decreased their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Securities decreased their price target on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets decreased their price objective on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Finally, ATB Capital decreased their price objective on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron purchased 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of C$23.70 per share, for a total transaction of C$165,900.00. In other news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron acquired 7,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of C$23.70 per share, for a total transaction of C$165,900.00. In the last quarter, insiders have acquired 12,000 shares of company stock worth $290,121. 8.93% of the stock is owned by company insiders.

North American Construction Group Stock Up 0.3 %

TSE:NOA opened at C$25.82 on Monday. North American Construction Group has a 1-year low of C$23.59 and a 1-year high of C$34.87. The company has a 50-day moving average of C$25.50 and a 200 day moving average of C$27.37. The firm has a market cap of C$690.17 million, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.06. The company had revenue of C$276.31 million during the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. As a group, research analysts anticipate that North American Construction Group will post 4.0606061 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, August 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.55%. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.