North American Construction Group Ltd. (TSE:NOA) Given Consensus Recommendation of “Buy” by Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$36.25.

Several equities research analysts have recently issued reports on the stock. Ventum Financial lowered their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Raymond James dropped their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. ATB Capital reduced their price target on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. BMO Capital Markets cut their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Finally, National Bankshares lifted their target price on 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.

North American Construction Group Stock Performance

TSE:NOA opened at C$27.53 on Tuesday. 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’s fifty day moving average is C$25.68 and its 200 day moving average is C$26.51. The firm has a market capitalization of C$735.88 million, a PE ratio of 15.04, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.74%. 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%.

Insider Buying and Selling

In related news, Director Maryse C. Saint-Laurent purchased 2,000 shares of North American Construction Group stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. Insiders acquired a total of 13,900 shares of company stock valued at $372,377 over the last three months. 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.