Brokerages Set North American Construction Group Ltd. (TSE:NOA) Target Price at C$40.57

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is C$40.57.

A number of analysts recently commented on NOA shares. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC increased their price objective on North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. National Bankshares raised their price objective on North American Construction Group from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday. ATB Capital cut their target price on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. Finally, TD Securities upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target for the company in a research report on Thursday, April 18th.

Insider Activity

In other North American Construction Group news, Director Martin Robert Ferron sold 4,000 shares of North American Construction Group stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$31.85, for a total transaction of C$127,400.00. 8.44% of the stock is currently owned by corporate insiders.

North American Construction Group Stock Down 0.9 %

Shares of NOA stock opened at C$28.06 on Friday. The company has a debt-to-equity ratio of 201.05, a quick ratio of 0.79 and a current ratio of 0.91. The stock has a market cap of C$750.04 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The business’s fifty day moving average is C$31.04 and its 200-day moving average is C$29.68. North American Construction Group has a 1 year low of C$24.18 and a 1 year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.06. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. The firm had revenue of C$326.30 million for the quarter, compared to analyst estimates of C$315.13 million. Equities analysts expect that North American Construction Group will post 4.4898551 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. North American Construction Group’s payout ratio is currently 19.14%.

North American Construction Group Company Profile

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.