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

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target reduced by research analysts at National Bankshares from C$45.00 to C$44.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 59.42% from the stock’s current price.

Other analysts have also recently issued reports about the company. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. ATB Capital dropped 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. 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 note on Tuesday, January 21st. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$38.13.

North American Construction Group Price Performance

NOA stock traded down C$0.85 during midday trading on Thursday, hitting C$27.60. The company’s stock had a trading volume of 42,470 shares, compared to its average volume of 62,778. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The firm has a market capitalization of C$737.75 million, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a 50 day moving average of C$29.51 and a two-hundred day moving average of C$27.14.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.02. The business had revenue of C$286.86 million during 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 in the prior year, the company posted $0.50 EPS. On average, analysts expect that North American Construction Group will post 4.0597484 EPS for the current year.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron bought 2,900 shares of North American Construction Group stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. 8.93% of the stock is currently 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.