North American Construction Group (TSE:NOA) PT Lowered to C$37.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by investment analysts at BMO Capital Markets from C$39.00 to C$37.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 31.86% from the company’s previous close.

Several other equities analysts have also commented on the stock. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target for the company in a research report on Thursday, April 18th. ATB Capital decreased their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. CIBC increased their target price on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Finally, National Bankshares increased their target price on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, North American Construction Group presently has an average rating of “Buy” and an average price target of C$40.57.

North American Construction Group Stock Down 0.9 %

Shares of TSE:NOA opened at C$28.06 on Thursday. The stock has a market capitalization of C$750.04 million, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. North American Construction Group has a 1-year low of C$24.18 and a 1-year high of C$34.87. The company’s fifty day moving average is C$31.04 and its two-hundred day moving average is C$29.68. The company has a debt-to-equity ratio of 201.05, a quick ratio of 0.79 and a current ratio of 0.91.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The business had revenue of C$326.30 million during the quarter, compared to analyst estimates of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. Equities analysts anticipate that North American Construction Group will post 4.4898551 EPS for the current year.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00. 8.44% of the stock is owned by corporate 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.