North American Construction Group (NOA) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of North American Construction Group (TSE: NOA) recently:

  • 6/10/2021 – North American Construction Group had its price target raised by analysts at Raymond James from C$19.00 to C$20.00. They now have an “outperform” rating on the stock.
  • 6/10/2021 – North American Construction Group had its price target raised by analysts at ATB Capital from C$23.00 to C$23.50. They now have a “na” rating on the stock.
  • 6/10/2021 – North American Construction Group had its price target raised by analysts at TD Securities from C$17.00 to C$18.00. They now have a “na” rating on the stock.
  • 6/2/2021 – North American Construction Group had its price target raised by analysts at BMO Capital Markets from C$20.00 to C$21.00. They now have an “outperform” rating on the stock.
  • 6/2/2021 – North American Construction Group had its “hold” rating reaffirmed by analysts at TD Securities. They now have a C$16.00 price target on the stock.
  • 4/30/2021 – North American Construction Group had its price target raised by analysts at National Bank Financial from C$21.00 to C$23.00. They now have an “outperform” rating on the stock.
  • 4/30/2021 – North American Construction Group had its price target raised by analysts at National Bankshares, Inc. from C$21.00 to C$23.00. They now have an “outperform” rating on the stock.
  • 4/30/2021 – North American Construction Group had its price target raised by analysts at ATB Capital from C$18.50 to C$23.00.
  • 4/30/2021 – North American Construction Group had its price target raised by analysts at BMO Capital Markets from C$18.00 to C$20.00.
  • 4/29/2021 – North American Construction Group had its price target raised by analysts at Raymond James from C$18.00 to C$19.00. They now have an “outperform” rating on the stock.

Shares of NOA traded up C$0.80 during mid-day trading on Friday, hitting C$17.92. 73,221 shares of the company’s stock were exchanged, compared to its average volume of 93,354. The firm’s fifty day simple moving average is C$15.60. North American Construction Group Ltd. has a twelve month low of C$7.55 and a twelve month high of C$18.21. The firm has a market capitalization of C$503.53 million and a PE ratio of 11.67. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 176.18.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, April 28th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.50 by C$0.09. The firm had revenue of C$168.41 million for the quarter, compared to the consensus estimate of C$173.99 million. As a group, equities research analysts forecast that North American Construction Group Ltd. will post 2.0599999 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Investors of record on Friday, July 9th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 27th. North American Construction Group’s dividend payout ratio is currently 10.42%.

In other news, insider North American Construction Group Ltd. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 16th. The stock was acquired at an average cost of C$13.96 per share, with a total value of C$69,775.00. Following the acquisition, the insider now owns 5,000 shares in the company, valued at C$69,775. Over the last ninety days, insiders have purchased 22,000 shares of company stock valued at $305,635.

North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States 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.

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