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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$22.71.

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

North American Construction Group Price Performance

NOA opened at C$18.58 on Friday. The stock has a market cap of C$503.57 million, a price-to-earnings ratio of 16.59, a PEG ratio of 0.79 and a beta of 0.89. North American Construction Group has a 1 year low of C$16.45 and a 1 year high of C$23.49. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. The stock has a fifty day moving average price of C$19.35 and a 200 day moving average price of C$20.10.

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

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Insider Buying and Selling at North American Construction Group

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

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.