TD Securities Cuts North American Construction Group (TSE:NOA) Price Target to C$19.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target reduced by TD Securities from C$21.00 to C$19.00 in a research note released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages have also recently commented on NOA. BMO Capital Markets reduced their price objective on shares of North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares upped their price target on shares of North American Construction Group from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$30.06.

North American Construction Group Stock Performance

TSE:NOA opened at C$18.12 on Friday. The business’s fifty day moving average is C$19.89 and its 200 day moving average is C$20.47. The firm has a market cap of C$526.84 million, a price-to-earnings ratio of 14.27, a PEG ratio of 0.79 and a beta of 0.42. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group has a 52-week low of C$16.78 and a 52-week high of C$31.67.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share for the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%.The business had revenue of C$317.25 million during the quarter. Research analysts predict that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 26th. North American Construction Group’s payout ratio is currently 37.80%.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.