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

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its price objective decreased by investment analysts at National Bankshares from C$45.00 to C$44.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 59.42% from the company's previous close.

NOA has been the subject of several other reports. 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. 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 for the company in a research report on Tuesday, January 21st. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. ATB Capital reduced their price target on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Finally, CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and raised their price objective for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$38.13.

North American Construction Group Stock Down 2.2 %

TSE:NOA traded down C$0.62 during mid-day trading on Thursday, hitting C$27.60. The company had a trading volume of 130,363 shares, compared to its average volume of 69,595. The business has a fifty day simple moving average of C$29.53 and a 200-day simple moving average of C$27.15. The firm has a market capitalization of C$737.75 million, a price-to-earnings ratio of 15.08, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last announced its 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. The business had revenue of C$286.86 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.50 EPS. Equities analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 2,900 shares of North American Construction Group stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. Insiders own 8.93% of the company's stock.

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.