North American Construction Group (TSE:NOA) Given New C$44.00 Price Target at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective trimmed by National Bankshares from C$45.00 to C$44.00 in a research report report published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group boosted their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a 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 target for the company in a report on Tuesday, January 21st. Finally, ATB Capital dropped their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$38.13.

North American Construction Group Price Performance

NOA opened at C$27.60 on Thursday. The stock has a 50-day moving average price of C$29.53 and a 200-day moving average price of C$27.17. North American Construction Group has a 12-month low of C$22.68 and a 12-month high of C$34.87. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The stock has a market capitalization of C$737.75 million, a P/E ratio of 15.08, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.02. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The firm had revenue of C$286.86 million during the quarter, compared to analysts’ expectations of C$294.95 million. During the same period in the prior year, the business earned $0.50 EPS. Equities analysts predict that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.74%. North American Construction Group’s dividend payout ratio is 21.86%.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron bought 2,900 shares of North American Construction Group stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of C$27.68 per share, with a total value of C$80,272.00. 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.