North American Construction Group Ltd. (TSE:NOA) Receives C$37.63 Average Target Price from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received an average rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$37.63.

A number of analysts have recently commented on NOA shares. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Raymond James upped their price target on North American Construction Group from C$35.00 to C$40.00 in a research report on Friday, December 6th. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, ATB Capital lowered their price target on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st.

North American Construction Group Price Performance

Shares of NOA stock opened at C$29.23 on Wednesday. North American Construction Group has a 12-month low of C$22.68 and a 12-month high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The firm has a market capitalization of C$781.32 million, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The firm has a fifty day moving average of C$29.20 and a 200-day moving average of C$26.89.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.64%. North American Construction Group’s dividend payout ratio is presently 21.86%.

Insider Buying and Selling

In other news, Director Martin Robert Ferron acquired 2,900 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is owned by corporate insiders.

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.