North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) had its price target lowered by equities researchers at ATB Capital from C$45.00 to C$40.00 in a research note issued on Friday, BayStreet.CA reports. ATB Capital’s price target points to a potential upside of 62.01% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday. National Bankshares upped their target price on shares of North American Construction Group from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 target price on the stock in a research note on Thursday, April 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and an average target price of C$37.00.
Check Out Our Latest Analysis on North American Construction Group
North American Construction Group Trading Down 4.2 %
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$0.67 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.11. The company had revenue of C$297.03 million for the quarter, compared to the consensus estimate of C$295.07 million. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. As a group, sell-side analysts predict that North American Construction Group will post 4.4793388 EPS for the current fiscal year.
Insider Buying and Selling
In other North American Construction Group news, Director Martin Robert Ferron acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average price of C$19.81 per share, for a total transaction of C$99,050.00. Insiders bought a total of 22,000 shares of company stock worth $554,850 in the last 90 days. 8.78% of the stock is owned by corporate 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.
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