North American Construction Group Ltd. (TSE:NOA) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

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

Separately, National Bank Financial lowered their target price on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 14th.

North American Construction Group Price Performance

TSE:NOA opened at C$16.11 on Tuesday. North American Construction Group has a 52 week low of C$15.40 and a 52 week high of C$23.49. The firm has a market cap of C$433.58 million, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.79 and a beta of 0.83. The firm’s 50-day simple moving average is C$18.08 and its 200 day simple moving average is C$18.95. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$400.96 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. As a group, sell-side analysts predict that North American Construction Group will post 4.06 earnings per share for the current year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 28th. North American Construction Group’s payout ratio is 42.86%.

Insider Activity

In related news, insider North American Construction Group Ltd. purchased 110,000 shares of North American Construction Group stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the transaction, the insider directly owned 110,000 shares of the company’s stock, valued at C$2,091,100. This represents a ∞ increase in their position. Company insiders own 8.93% of the company’s stock.

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.