BMO Capital Markets Downgrades North American Construction Group (TSE:NOA) to Market Perform

North American Construction Group (TSE:NOA) (NYSE:NOA) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a C$23.00 price objective on the stock, down from their prior price objective of C$26.00. BMO Capital Markets’ price target would indicate a potential upside of 38.06% from the stock’s current price.

Other equities analysts also recently issued reports about the company. National Bank Financial set a C$28.00 price objective on North American Construction Group and gave the company an “outperform” rating in a research note on Monday, December 22nd. Canadian Imperial Bank of Commerce lowered their target price on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, TD Securities decreased their price objective 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 research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$27.81.

North American Construction Group Price Performance

Shares of NOA traded down C$6.14 during trading hours on Thursday, reaching C$16.66. The company had a trading volume of 536,410 shares, compared to its average volume of 96,080. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 193.35. North American Construction Group has a 12-month low of C$16.55 and a 12-month high of C$25.05. The firm has a 50 day simple moving average of C$21.64 and a 200-day simple moving average of C$20.27. The company has a market capitalization of C$484.39 million, a price-to-earnings ratio of 13.12, a PEG ratio of 0.79 and a beta of 0.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) EPS for the quarter. North American Construction Group had a return on equity of 9.34% and a net margin of 3.00%.The company had revenue of C$305.58 million for the quarter. Research analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current 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.