North American Construction Group Ltd. (TSE:NOA) Given Average Rating of “Buy” by Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$37.63.

NOA has been the subject of a number of research analyst reports. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. National Bankshares boosted their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. ATB Capital cut their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Raymond James lifted their price target on North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. Finally, Canaccord Genuity Group boosted their price objective on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th.

North American Construction Group Trading Up 2.1 %

TSE:NOA opened at C$29.87 on Wednesday. The stock has a market cap of C$798.43 million, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a one year low of C$22.68 and a one year high of C$34.87. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The business’s 50-day simple moving average is C$29.28 and its 200 day simple moving average is C$26.92.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.12 dividend. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s payout ratio is presently 21.86%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron purchased 2,900 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of C$27.68 per share, for a total transaction of C$80,272.00. Insiders own 8.93% 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.