North American Construction Group Ltd. (TSE:NOA) Given Average Rating of “Buy” by Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$36.25.

Several analysts recently issued reports on NOA shares. National Bankshares boosted their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Raymond James reduced their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Canaccord Genuity Group lifted their target price on North American Construction Group from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, November 1st. ATB Capital reduced their price target on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Finally, TD Securities lowered their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Insider Buying and Selling

In related news, Director Martin Robert Ferron purchased 2,900 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$27.68 per share, for a total transaction of C$80,272.00. Also, Director Maryse C. Saint-Laurent bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. In the last three months, insiders have acquired 13,900 shares of company stock valued at $372,377. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Trading Down 1.4 %

Shares of TSE:NOA opened at C$28.02 on Tuesday. The stock’s 50-day simple moving average is C$26.01 and its two-hundred day simple moving average is C$26.48. The stock has a market capitalization of C$748.97 million, a price-to-earnings ratio of 15.31, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is currently 21.86%.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.