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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received an average recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$37.63.

NOA has been the subject of a number of recent analyst reports. ATB Capital lowered their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Raymond James upped their price target on shares of North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. National Bankshares upped their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. Insiders own 8.93% of the company’s stock.

North American Construction Group Trading Down 1.9 %

Shares of NOA opened at C$29.23 on Wednesday. The firm has a market cap of C$781.32 million, a price-to-earnings ratio of 15.97, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87. The firm has a 50 day moving average price of C$29.20 and a 200-day moving average price 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. Stockholders of record on Friday, January 3rd were given a $0.12 dividend. The ex-dividend date was Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.64%. North American Construction Group’s dividend payout ratio 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.