Analysts Set North American Construction Group Ltd. (TSE:NOA) PT at C$38.13

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$38.13.

A number of equities research analysts recently commented on NOA shares. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. National Bankshares decreased their price objective on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company in a research report on Thursday, January 30th. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th.

Insiders Place Their Bets

In related news, Director Martin Robert Ferron purchased 2,900 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$27.68 per share, with a total value of C$80,272.00. Insiders own 8.93% of the company’s stock.

North American Construction Group Stock Performance

Shares of NOA opened at C$27.04 on Friday. 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 stock has a 50-day moving average of C$29.50 and a two-hundred day moving average of C$27.18. The stock has a market cap of C$722.78 million, a P/E ratio of 14.78, a P/E/G 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.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is currently 21.86%.

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.