North American Construction Group (TSE:NOA) Lifted to “Buy” at TD Securities

TD Securities upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a hold rating to a buy rating in a report issued on Thursday morning, BayStreet.CA reports. They currently have C$34.00 price target on the stock.

Other research analysts have also issued reports about the company. ATB Capital cut their target price on North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. National Bankshares upped their target price on North American Construction Group from C$43.00 to C$46.00 in a research note on Friday, March 15th. BMO Capital Markets upped their target price on North American Construction Group from C$39.00 to C$42.00 in a research note on Thursday, March 14th. Finally, CIBC upped their target price on North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group currently has a consensus rating of Buy and an average price target of C$40.13.

North American Construction Group Stock Down 0.4 %

Shares of NOA stock opened at C$28.28 on Thursday. North American Construction Group has a 12 month low of C$24.18 and a 12 month high of C$34.87. The firm has a market cap of C$755.92 million, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The stock has a 50 day moving average of C$31.73 and a 200-day moving average of C$29.73. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 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 company had revenue of C$326.30 million during the quarter, compared to analyst estimates of C$315.13 million. On average, equities analysts predict that North American Construction Group will post 4.4898551 EPS for the current year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, March 7th. North American Construction Group’s dividend payout ratio (DPR) is 19.14%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total value of C$457,000.00. Company insiders own 8.44% of the company’s stock.

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.