TD Securities Upgrades North American Construction Group (TSE:NOA) to Buy

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a C$34.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 20.23% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. CIBC increased their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. ATB Capital dropped their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. BMO Capital Markets upped their price target on shares of North American Construction Group from C$39.00 to C$42.00 in a research note on Thursday, March 14th. Finally, National Bankshares upped 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$40.13.

North American Construction Group Price Performance

Shares of NOA opened at C$28.28 on Thursday. The firm has a market capitalization of C$755.92 million, a PE ratio of 13.53, a PEG ratio of 0.79 and a beta of 1.70. The company’s 50-day moving average is C$31.73 and its 200-day moving average is C$29.72. North American Construction Group has a fifty-two week low of C$24.18 and a fifty-two week high of C$34.87. The company has a debt-to-equity ratio of 201.05, a current ratio of 0.91 and a quick ratio of 0.79.

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

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron sold 4,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$31.85, for a total transaction of C$127,400.00. Corporate insiders own 8.44% 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.