North American Construction Group Ltd. (TSE:NOA) Receives Average Recommendation of “Moderate Buy” from Brokerages

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$22.71.

A number of brokerages have commented on NOA. Raymond James Financial boosted their price objective on North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research note on Friday, March 13th. ATB Cormark Capital Markets boosted their price target on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Finally, BMO Capital Markets boosted their price target on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the purchase, the director owned 2,285,738 shares in the company, valued at C$46,743,342.10. The trade was a 0.44% increase in their position. Company insiders own 8.93% of the company’s stock.

North American Construction Group Trading Down 1.5%

Shares of NOA opened at C$18.91 on Wednesday. The stock’s 50-day moving average is C$19.64 and its two-hundred day moving average is C$20.16. The stock has a market cap of C$512.52 million, a PE ratio of 16.88, a P/E/G ratio of 0.79 and a beta of 0.91. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$24.59. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The company had revenue of C$319.22 million for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. Equities analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, July 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s payout ratio is 42.86%.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.