North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of “Buy” from Analysts

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have received an average rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$37.63.

A number of research firms have recently issued reports on NOA. National Bankshares lifted their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, Raymond James raised their target price on shares of North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th.

North American Construction Group Stock Performance

Shares of NOA opened at C$31.58 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The company has a 50-day simple moving average of C$28.77 and a 200-day simple moving average of C$26.82. The company has a market capitalization of C$844.13 million, a PE ratio of 17.26, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a dividend of $0.12 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. North American Construction Group’s dividend payout ratio is presently 21.86%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron bought 6,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. 8.93% of the stock is owned by company insiders.

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.