Analysts Set North American Construction Group Ltd. (TSE:NOA) Target Price at C$30.06

by · The Cerbat Gem

North American Construction Group Ltd. (TSE:NOA – Get Free Report) (NYSE:NOA) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$28.06.

NOA has been the topic of several recent research reports. CIBC reduced their price target on shares of North American Construction Group from C$22.00 to C$20.00 in a report on Wednesday, December 24th. TD Securities cut their price objective on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research report on Friday, December 19th. BMO Capital Markets reduced their target price on North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. ATB Capital set a C$26.00 price target on North American Construction Group and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares set a C$28.00 price target on North American Construction Group and gave the stock an “outperform” rating in a report on Monday, December 22nd.

Read Our Latest Analysis on NOA

North American Construction Group Stock Up 1.4%

North American Construction Group stock opened at C$18.98 on Wednesday. North American Construction Group has a fifty-two week low of C$16.78 and a fifty-two week high of C$31.67. The firm has a market capitalization of C$551.84 million, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.42. The stock’s fifty day moving average is C$19.78 and its two-hundred day moving average is C$20.28. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$0.67 EPS for the quarter. The business had revenue of C$317.25 million for the quarter. North American Construction Group had a net margin of 4.80% and a return on equity of 15.24%. Analysts predict that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, January 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.48 annualized dividend and a yield of 2.5%. North American Construction Group’s payout ratio is presently 37.80%.

About North American Construction Group

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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.

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