North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of “Buy” from Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$36.25.

Several brokerages have commented on NOA. National Bankshares raised their price objective on shares of 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. Ventum Financial dropped their price target on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets reduced their price target on North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price objective on North American Construction Group from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, ATB Capital reduced their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of C$24.15 per share, for a total transaction of C$72,460.80. Also, Director Maryse C. Saint-Laurent bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, with a total value of C$51,760.00. Over the last ninety days, insiders bought 13,900 shares of company stock valued at $372,377. Insiders own 8.93% of the company’s stock.

North American Construction Group Stock Down 1.4 %

Shares of North American Construction Group stock opened at C$28.02 on Tuesday. The company’s fifty day simple moving average is C$26.01 and its two-hundred day simple moving average is C$26.48. 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 current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The company has a market cap of C$748.97 million, a P/E ratio of 15.31, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is currently 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.