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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$22.71.

A number of research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Raymond James Financial raised their price target on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th.

North American Construction Group Price Performance

Shares of TSE NOA opened at C$20.13 on Thursday. The business’s 50 day moving average price is C$19.09 and its two-hundred day moving average price is C$19.97. The company has a market cap of C$545.58 million, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. North American Construction Group has a twelve month low of C$16.45 and a twelve month high of C$23.49.

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

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Insider Activity

In related news, Director Martin Robert Ferron purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the purchase, the director owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. This represents a 0.22% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. purchased 165,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the purchase, the insider owned 165,000 shares in the company, valued at C$3,158,100. The trade was a ∞ increase in their position. Insiders have purchased a total of 185,000 shares of company stock valued at $3,543,650 in the last ninety days. 8.93% of the stock is currently owned by insiders.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.