Canaccord Genuity Group Lowers North American Construction Group (TSE:NOA) Price Target to C$30.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price decreased by Canaccord Genuity Group from C$34.00 to C$30.00 in a report issued on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Ventum Financial dropped their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. ATB Capital dropped their price objective on shares of North American Construction Group from C$45.00 to C$40.00 in a report on Friday, August 2nd. National Bankshares dropped their price objective on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. TD Securities dropped their price objective on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets dropped their price objective on shares of North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$36.13.

North American Construction Group Stock Performance

Shares of TSE NOA opened at C$23.38 on Tuesday. The firm’s 50-day moving average price is C$25.28 and its 200-day moving average price is C$27.05. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a market cap of C$624.95 million, a PE ratio of 12.78, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$23.19 and a 52-week high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.79 by C$0.06. The firm had revenue of C$276.31 million for the quarter, compared to the consensus estimate of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. As a group, analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, August 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, August 30th. North American Construction Group’s payout ratio is 21.86%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron bought 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of C$24.15 per share, for a total transaction of C$72,460.80. In other news, Director Martin Robert Ferron bought 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of C$24.15 per share, for a total transaction of C$72,460.80. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of North American Construction Group stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of C$25.88 per share, for a total transaction of C$51,760.00. In the last 90 days, insiders have bought 12,000 shares of company stock worth $290,121. Company 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.