North American Construction Group (TSE:NOA) Given New C$47.00 Price Target at Ventum Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by Ventum Financial from C$52.00 to C$47.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on NOA. BMO Capital Markets decreased their target price on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday. National Bankshares boosted their target price on North American Construction Group from C$46.00 to C$47.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. ATB Capital decreased their target price on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday. Finally, TD Securities raised 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 report on Thursday, April 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, North American Construction Group has an average rating of Buy and an average target price of C$37.00.

North American Construction Group Stock Down 2.9 %

North American Construction Group stock opened at C$25.02 on Friday. The stock’s 50 day moving average price is C$27.24 and its 200 day moving average price is C$29.48. The company has a debt-to-equity ratio of 206.01, a current ratio of 1.04 and a quick ratio of 0.79. The company has a market cap of C$668.78 million, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64. North American Construction Group has a 1-year low of C$24.01 and a 1-year high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 1st. The company reported C$0.67 EPS for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.11. The company had revenue of C$297.03 million for the quarter, compared to the consensus estimate of C$295.07 million. North American Construction Group had a return on equity of 15.22% and a net margin of 5.21%. On average, sell-side analysts predict that North American Construction Group will post 4.4793388 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. North American Construction Group’s dividend payout ratio (DPR) is 22.60%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of C$26.45 per share, for a total transaction of C$317,400.00. Insiders purchased a total of 22,000 shares of company stock valued at $554,850 over the last three months. 8.78% of the stock is currently owned by 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.