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

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

Several other brokerages have also recently commented on NOA. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. 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. Canaccord Genuity Group upped their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. ATB Capital cut their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Finally, Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$38.13.

North American Construction Group Stock Down 2.2 %

Shares of NOA opened at C$27.60 on Thursday. 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 company has a 50-day simple moving average of C$29.53 and a 200-day simple moving average of C$27.15. North American Construction Group has a 52 week low of C$22.68 and a 52 week high of C$34.87. The firm has a market capitalization of C$737.75 million, a P/E ratio of 15.08, a P/E/G ratio of 0.79 and a beta of 1.59.

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

Insider Activity

In other news, Director Martin Robert Ferron acquired 6,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. 8.93% of the stock is currently 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.