National Bankshares Cuts North American Construction Group (TSE:NOA) Price Target to C$41.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target trimmed by National Bankshares from C$44.00 to C$41.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a report on Thursday, January 30th. Canaccord Genuity Group increased their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. BMO Capital Markets lowered their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$37.38.

North American Construction Group Trading Down 2.4 %

TSE NOA opened at C$23.10 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The stock’s 50-day simple moving average is C$26.52 and its two-hundred day simple moving average is C$27.03. North American Construction Group has a twelve month low of C$21.88 and a twelve month high of C$31.91. The company has a market capitalization of C$618.32 million, a price-to-earnings ratio of 10.86, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th 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 2.08%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron sold 6,209 shares of the firm’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Company Profile

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.