North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) had its target price cut by equities researchers at BMO Capital Markets from C$37.00 to C$32.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 21.53% from the stock’s current price.
A number of other equities analysts have also recently issued reports on NOA. National Bankshares raised their price objective on shares of North American Construction Group from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. TD Securities upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective for the company in a research report on Thursday, April 18th.
View Our Latest Stock Analysis on NOA
North American Construction Group Stock Performance
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$0.67 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.11. The firm had revenue of C$297.03 million during the quarter, compared to the consensus estimate of C$295.07 million. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. As a group, equities research analysts predict that North American Construction Group will post 4.4793388 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Martin Robert Ferron acquired 12,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were bought at an average price of C$26.45 per share, with a total value of C$317,400.00. In the last three months, insiders have acquired 22,000 shares of company stock worth $554,850. Corporate insiders own 8.78% of the company’s stock.
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.
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