Analysts Set North American Construction Group Ltd. (TSE:NOA) Price Target at C$37.63

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$37.63.

NOA has been the subject of a number of recent analyst reports. Raymond James lifted their price target on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. ATB Capital dropped their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. National Bankshares increased their price target on North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

North American Construction Group Stock Up 1.0 %

TSE NOA opened at C$29.94 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 52 week low of C$22.68 and a 52 week high of C$34.87. The firm has a market capitalization of C$800.30 million, a price-to-earnings ratio of 16.36, a PEG ratio of 0.79 and a beta of 1.59. The company has a fifty day moving average of C$27.01 and a two-hundred day moving average of C$26.59.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.60%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 27th. North American Construction Group’s dividend payout ratio is currently 21.86%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 2,900 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of C$27.68 per share, with a total value of C$80,272.00. Corporate insiders own 8.93% of the company’s stock.

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.