North American Construction Group Ltd. (TSE:NOA) Stock Has Average Target Price of C$22.71 According to Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$22.71.

Separately, National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, August 14th.

Insider Activity

In other news, insider North American Construction Group Ltd. purchased 165,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the purchase, the insider owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. The trade was a ∞ increase in their ownership of the stock. Company insiders own 8.93% of the company’s stock.

North American Construction Group Stock Up 0.8%

Shares of TSE NOA opened at C$17.28 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 246.95. The company has a market cap of C$465.07 million, a price-to-earnings ratio of 15.43, a PEG ratio of 0.79 and a beta of 0.89. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$23.49. The stock has a 50-day moving average price of C$18.73 and a two-hundred day moving average price of C$19.11.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. As a group, analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s payout ratio is presently 42.86%.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.