National Bankshares Lowers North American Construction Group (TSE:NOA) Price Target to C$44.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by analysts at National Bankshares from C$45.00 to C$44.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 59.42% from the company’s current price.

Several other equities analysts have also recently weighed in on NOA. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a research report on Tuesday, January 21st. ATB Capital cut their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group increased their price objective on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$38.13.

North American Construction Group Trading Down 2.2 %

North American Construction Group stock opened at C$27.60 on Thursday. North American Construction Group has a 52 week low of C$22.68 and a 52 week high of C$34.87. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The firm has a market capitalization of C$737.75 million, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a 50 day moving average price of C$29.53 and a 200 day moving average price of C$27.15.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, October 30th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.02. The business had revenue of C$286.86 million during the quarter, compared to analysts’ expectations of C$294.95 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. During the same quarter last year, the firm posted $0.50 earnings per share. Research analysts forecast that North American Construction Group will post 4.0597484 EPS for the current year.

Insider Activity

In other news, Director Martin Robert Ferron bought 2,900 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is currently owned by insiders.

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.