National Bankshares Cuts North American Construction Group (TSE:NOA) Price Target to C$41.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target cut by National Bankshares from C$44.00 to C$41.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on NOA. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a report on Thursday, January 30th. BMO Capital Markets reduced their price objective on North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday. Canaccord Genuity Group lifted their target price on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and a consensus target price of C$37.38.

North American Construction Group Stock Performance

Shares of TSE NOA opened at C$23.10 on Friday. North American Construction Group has a one year low of C$21.88 and a one year high of C$31.91. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The firm has a market cap of C$618.32 million, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 1.59. The stock’s fifty day moving average price is C$26.52 and its two-hundred day moving average price is C$27.03.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio is 18.81%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the firm’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by insiders.

About North American Construction Group

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.