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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$22.71.

A number of research firms recently issued reports on NOA. BMO Capital Markets boosted their price objective on 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. National Bank Financial cut their target price on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$18.22 on Monday. The company’s fifty day simple moving average is C$19.21 and its two-hundred day simple moving average is C$19.79. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 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$23.49. The stock has a market capitalization of C$490.37 million, a price-to-earnings ratio of 16.27, a PEG ratio of 0.79 and a beta of 0.83.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. North American Construction Group had a return on equity of 7.40% and a net margin of 2.41%.The firm had revenue of C$400.96 million for the quarter. As a group, analysts anticipate that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Insider Buying and Selling

In other news, Director Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average price of C$17.76 per share, with a total value of C$88,800.00. Following the completion of the purchase, the director owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. The trade was a 0.22% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. acquired 165,000 shares of North American Construction Group stock in a transaction that occurred 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 purchase, the insider owned 165,000 shares of the company’s stock, valued at C$3,158,100. This represents a ∞ increase in their position. Insiders bought 285,000 shares of company stock valued at $5,430,250 over the last 90 days. 8.93% of the stock is owned by company 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.