North American Construction Group (TSE:NOA) Price Target Lowered to C$39.00 at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by BMO Capital Markets from C$42.00 to C$39.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently issued reports on the stock. TD Securities raised shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 price objective on the stock in a research report on Thursday, April 18th. National Bankshares raised their price objective on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. ATB Capital lowered their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. Finally, CIBC raised their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, North American Construction Group has a consensus rating of Buy and an average price target of C$39.75.

North American Construction Group Trading Up 1.5 %

Shares of North American Construction Group stock opened at C$29.81 on Tuesday. North American Construction Group has a 1 year low of C$24.18 and a 1 year high of C$34.87. 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 company has a market capitalization of C$796.82 million, a P/E ratio of 14.26, a PEG ratio of 0.79 and a beta of 1.70. The company’s fifty day moving average is C$31.49 and its two-hundred day moving average is C$29.72.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.06. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. The company had revenue of C$326.30 million for the quarter, compared to the consensus estimate of C$315.13 million. Analysts forecast that North American Construction Group will post 4.4898551 earnings per share for the current year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 8th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. North American Construction Group’s dividend payout ratio (DPR) is presently 19.14%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were 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.