North American Construction Group (TSE:NOA) Upgraded to “Strong-Buy” at Roth Mkm

Roth Mkm upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) to a strong-buy rating in a report released on Thursday,Zacks.com reports.

NOA has been the subject of a number of other reports. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$27.00 to C$25.00 in a report on Friday, October 10th. ATB Capital set a C$26.00 price target on North American Construction Group and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. TD Securities dropped their price objective on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research note on Friday, December 19th. CIBC reduced their price objective on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Finally, National Bankshares set a C$28.00 target price on North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, North American Construction Group presently has a consensus rating of “Moderate Buy” and an average price target of C$28.06.

North American Construction Group Price Performance

North American Construction Group stock opened at C$21.00 on Thursday. The company has a market cap of C$610.58 million, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.35. North American Construction Group has a one year low of C$16.78 and a one year high of C$27.68. The business has a fifty day moving average of C$20.12 and a two-hundred day moving average of C$19.93. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. North American Construction Group had a net margin of 4.80% and a return on equity of 15.24%. The business had revenue of C$317.25 million during the quarter. As a group, analysts predict that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 26th. North American Construction Group’s payout ratio is currently 37.80%.

About North American Construction Group

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.