Shares of North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$23.13.
NOA has been the subject of a number of recent research reports. Atb Cap Markets cut shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a research report on Thursday, July 28th. Raymond James lowered their price target on shares of North American Construction Group from C$24.00 to C$22.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. CIBC decreased their target price on shares of North American Construction Group from C$17.50 to C$16.00 in a report on Thursday, October 13th. Pi Financial decreased their target price on shares of North American Construction Group from C$30.00 to C$28.00 and set a "na" rating for the company in a report on Tuesday, July 26th. Finally, National Bankshares decreased their target price on shares of North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating for the company in a report on Friday, July 29th.
Get North American Construction Group alerts:North American Construction Group Trading Up 2.5 %
Shares of NOA opened at C$15.00 on Friday. North American Construction Group has a 1-year low of C$12.65 and a 1-year high of C$22.00. The firm has a market capitalization of C$407.63 million and a price-to-earnings ratio of 9.32. The firm's 50-day moving average price is C$14.56 and its 200-day moving average price is C$15.36. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 148.94.
North American Construction Group (TSE:NOA – Get Rating) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, July 27th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.29 by C($0.12). The company had revenue of C$168.03 million for the quarter, compared to the consensus estimate of C$173.70 million. Sell-side analysts anticipate that North American Construction Group will post 2.3699998 EPS for the current year.North American Construction Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.13%. North American Construction Group's payout ratio is 14.91%.
Insider Activity
In related news, insider North American Construction Group Ltd. acquired 52,000 shares of the firm's stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the acquisition, the insider now directly owns 90,200 shares of the company's stock, valued at C$1,380,168.24. In related news, insider North American Construction Group Ltd. acquired 52,000 shares of the firm's stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the acquisition, the insider now directly owns 90,200 shares of the company's stock, valued at C$1,380,168.24. Also, Director Martin Robert Ferron bought 5,000 shares of the business's stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of C$12.85 per share, with a total value of C$64,250.00. Following the completion of the transaction, the director now directly owns 2,257,070 shares of the company's stock, valued at approximately C$29,003,349.50. Insiders purchased 418,100 shares of company stock valued at $6,238,551 over the last three months.
About North American Construction Group
(Get Rating)
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.
Recommended Stories
- Should Investors Raise a Glass to Boston Beer Company?
- MarketBeat: Week in Review 10/17-10/21
- Snap Stock Falls As User Growth Slows To Single-Digits
- American Express Beats Earnings & Revenue Views, Raises Guidance
- The Institutions Spin Whirlpool Into Bargain Basement Territory
Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.