ATB Capital Lowers North American Construction Group (TSE:NOA) Price Target to C$45.00

North American Construction Group (TSE:NOAFree Report) (NYSE:NOA) had its price target trimmed by ATB Capital from C$46.00 to C$45.00 in a report released on Thursday, BayStreet.CA reports.

Separately, BMO Capital Markets boosted their target price on shares of North American Construction Group from C$39.00 to C$42.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$40.13.

Read Our Latest Research Report on NOA

North American Construction Group Stock Performance

North American Construction Group stock opened at C$31.22 on Thursday. The stock has a 50 day moving average of C$31.79 and a 200-day moving average of C$29.95. North American Construction Group has a 52 week low of C$21.14 and a 52 week high of C$34.87. The stock has a market cap of C$834.51 million, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 201.05.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 8th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, March 7th. North American Construction Group’s dividend payout ratio is currently 19.14%.

About North American Construction Group

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North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its 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; and Equipment Maintenance services.

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