BMO Capital Markets Cuts North American Construction Group (TSE:NOA) Price Target to C$30.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lowered by BMO Capital Markets from C$34.00 to C$30.00 in a research note released on Thursday,BayStreet.CA reports.

A number of other analysts have also weighed in on NOA. CIBC reduced their price objective on shares of North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a report on Thursday, January 30th. TD Securities dropped their price objective on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating for the company in a report on Wednesday. National Bankshares reduced their target price on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Ventum Financial lowered their target price on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Buy” and an average target price of C$36.00.

North American Construction Group Trading Up 0.7 %

NOA stock opened at C$21.22 on Thursday. North American Construction Group has a twelve month low of C$18.83 and a twelve month high of C$31.67. The stock has a market capitalization of C$568.00 million, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The firm’s fifty day simple moving average is C$23.51 and its two-hundred day simple moving average is C$26.43.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Insider Activity

In other North American Construction Group news, Director Martin Robert Ferron bought 4,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were bought at an average cost of C$23.31 per share, for a total transaction of C$93,236.00. Over the last 90 days, insiders have bought 18,000 shares of company stock worth $408,772. Company insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.