North American Construction Group (TSE:NOA) Given New C$20.00 Price Target at CIBC

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price reduced by research analysts at CIBC from C$22.00 to C$20.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 1.73% from the stock’s previous close.

A number of other equities analysts also recently weighed in on NOA. National Bankshares set a C$28.00 price target on shares of North American Construction Group and gave the stock an “outperform” rating in a research note on Monday, December 22nd. BMO Capital Markets cut their target price on shares of North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. ATB Capital set a C$26.00 price objective on North American Construction Group and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Finally, TD Securities lowered their price target on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$28.06.

North American Construction Group Price Performance

Shares of NOA traded up C$0.31 during midday trading on Tuesday, reaching C$19.66. The stock had a trading volume of 41,720 shares, compared to its average volume of 108,761. The company has a market capitalization of C$571.61 million, a P/E ratio of 15.48, a P/E/G ratio of 0.79 and a beta of 0.42. North American Construction Group has a 52 week low of C$16.78 and a 52 week high of C$31.67. The firm’s 50 day moving average price is C$19.75 and its 200-day moving average price is C$20.24. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$0.67 earnings per share for the quarter. The business had revenue of C$317.25 million during the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%. On average, analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.