North American Construction Group (TSE:NOA) Given New C$39.00 Price Target at BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective dropped by research analysts at BMO Capital Markets from C$42.00 to C$39.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 34.25% from the company’s previous close.

NOA has been the topic of a number of other reports. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target on the stock in a report on Thursday, April 18th. ATB Capital dropped their price target on shares of North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. CIBC lifted their price target on shares of North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th. Finally, National Bankshares lifted their price target on shares of North American Construction Group from C$43.00 to C$46.00 in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, North American Construction Group presently has a consensus rating of “Buy” and an average price target of C$39.75.

North American Construction Group Price Performance

TSE NOA traded up C$0.35 on Tuesday, reaching C$29.05. The company had a trading volume of 28,949 shares, compared to its average volume of 72,830. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05. The stock has a market capitalization of C$776.51 million, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The firm’s 50 day moving average price is C$31.67 and its 200 day moving average price is C$29.72. North American Construction Group has a 12 month low of C$24.18 and a 12 month high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.06. The company had revenue of C$326.30 million for the quarter, compared to the consensus estimate of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. As a group, equities analysts predict that North American Construction Group will post 4.4898551 earnings per share for the current year.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. 8.44% of the stock is 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.