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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$22.71.

A number of research analysts recently commented on the stock. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective on the stock in a research report on Friday, March 13th. Raymond James Financial boosted their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. ATB Cormark Capital Markets boosted their target price 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. BMO Capital Markets boosted their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Finally, Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th.

Insider Buying and Selling at North American Construction Group

In other news, Director John Joseph Pollesel bought 2,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the acquisition, the director owned 3,500 shares in the company, valued at C$62,650. This trade represents a 133.33% increase in their ownership of the stock. Also, Director Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the transaction, the director owned 2,285,738 shares in the company, valued at C$46,743,342.10. This represents a 0.44% increase in their ownership of the stock. Insiders own 8.93% of the company’s stock.

North American Construction Group Price Performance

Shares of NOA stock opened at C$20.42 on Friday. The firm has a market cap of C$553.44 million, a P/E ratio of 18.23, a P/E/G ratio of 0.79 and a beta of 0.86. 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 has a 1-year low of C$16.45 and a 1-year high of C$24.90. The firm has a fifty day moving average of C$19.42 and a two-hundred day moving average of C$20.19.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The firm had revenue of C$319.22 million for the quarter. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. North American Construction Group’s payout ratio is 42.86%.

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.