North American Construction Group Ltd. (NYSE:NOA) Stock Has Consensus Target Price of $25.75 According to Brokerages

by · The Cerbat Gem

Shares of North American Construction Group Ltd. (NYSE:NOA – Get Free Report) (TSE:NOA) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.75.

A number of analysts recently commented on NOA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Wall Street Zen cut North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th.

Check Out Our Latest Analysis on NOA

Hedge Funds Weigh In On North American Construction Group

Several institutional investors have recently made changes to their positions in the company. Cannell Capital LLC bought a new position in North American Construction Group in the second quarter worth approximately $10,423,090. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in North American Construction Group during the 2nd quarter worth about $8,029,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of North American Construction Group by 65.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock valued at $5,430,000 after purchasing an additional 158,731 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in North American Construction Group by 1.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 329,224 shares of the oil and gas company’s stock worth $4,253,000 after purchasing an additional 3,737 shares during the period. Finally, Bank of America Corp DE purchased a new position in North American Construction Group during the second quarter valued at $3,045,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Stock Down 1.5%

Shares of NYSE NOA opened at $11.42 on Tuesday. The firm has a market capitalization of $315.22 million, a price-to-earnings ratio of 14.46 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. North American Construction Group has a 12 month low of $10.85 and a 12 month high of $17.26. The business has a 50-day moving average of $12.91 and a 200-day moving average of $13.58.

North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. Sell-side analysts expect that North American Construction Group will post 0.90 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, August 28th were given a C$0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s dividend payout ratio is 43.04%.

About North American Construction Group

(Get Free Report)

North American Construction Group Ltd. is a Canadian heavy civil construction and mining services company that supports resource development and infrastructure projects. Its operations are concentrated primarily in Western Canada, particularly Alberta’s oil sands region, where it provides services to major mine owners and other industrial customers.

The company’s services include mine development and operations, overburden removal, earthmoving, road construction, site preparation, reclamation and other large-scale civil construction activities.

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