North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA had its price target cut by investment analysts at ATB Capital from C$40.00 to C$38.00 in a note issued to investors on Friday, BayStreet.CA reports. ATB Capital's target price would indicate a potential upside of 38.99% from the company's previous close.
Several other analysts have also recently commented on NOA. Canaccord Genuity Group lifted their target price on shares of North American Construction Group from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research note on Friday. TD Securities lowered their target price on shares of North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. National Bankshares boosted their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Raymond James lowered their price objective on shares of North American Construction Group from C$40.00 to C$35.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, North American Construction Group currently has an average rating of "Buy" and a consensus price target of C$36.25.
Read Our Latest Stock Report on North American Construction Group
North American Construction Group Price Performance
Shares of NOA stock traded up C$0.19 during midday trading on Friday, reaching C$27.34. 156,511 shares of the company traded hands, compared to its average volume of 67,884. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87. The firm has a market cap of C$730.80 million, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The firm's 50 day simple moving average is C$25.19 and its two-hundred day simple moving average is C$26.57.
North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.79 by C$0.06. The firm had revenue of C$276.31 million during the quarter, compared to the consensus estimate of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. On average, equities research analysts expect that North American Construction Group will post 4.0597484 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Martin Robert Ferron acquired 7,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$23.70 per share, for a total transaction of C$165,900.00. In other news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the business's stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron acquired 7,000 shares of the business's stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$23.70 per share, for a total transaction of C$165,900.00. In the last three months, insiders acquired 12,000 shares of company stock valued at $290,121. Company insiders own 8.93% of the company's stock.
About North American Construction Group
(
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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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