ATB Cormark Capital Markets Upgrades North American Construction Group (TSE:NOA) to Outperform

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by equities research analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The firm currently has a C$21.00 price objective on the stock, down from their previous price objective of C$23.00. ATB Cormark Capital Markets’ target price indicates a potential upside of 16.67% from the company’s current price.

A number of other analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce lowered their price objective on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$26.00 to C$23.00 in a report on Thursday. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research report on Friday. Finally, National Bank Financial set a C$28.00 price objective on North American Construction Group and gave the company an “outperform” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$24.63.

North American Construction Group Trading Up 9.1%

TSE NOA traded up C$1.50 during trading on Friday, reaching C$18.00. 268,581 shares of the stock traded hands, compared to its average volume of 102,330. North American Construction Group has a fifty-two week low of C$16.45 and a fifty-two week high of C$25.05. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$523.35 million, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The stock’s 50-day moving average price is C$21.57 and its 200 day moving average price is C$20.25.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$305.58 million during the quarter. North American Construction Group had a return on equity of 9.34% and a net margin of 3.00%. Analysts predict that North American Construction Group will post 4.0597484 EPS 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.