North American Construction Group (TSE:NOA) PT Lowered to C$39.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective dropped by BMO Capital Markets from C$42.00 to C$39.00 in a research note issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 32.74% from the stock’s current price.

A number of other equities analysts have also recently commented on NOA. ATB Capital reduced their price target on North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares increased their price target on North American Construction Group from C$43.00 to C$46.00 in a research note on Friday, March 15th. TD Securities raised shares of 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. Finally, 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$39.75.

North American Construction Group Price Performance

TSE NOA opened at C$29.38 on Tuesday. The firm’s 50 day moving average is C$31.55 and its 200-day moving average is C$29.72. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 201.05. The company has a market capitalization of C$785.33 million, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. North American Construction Group has a 12-month low of C$24.18 and a 12-month high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The firm had revenue of C$326.30 million for the quarter, compared to analysts’ expectations 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 research analysts anticipate that North American Construction Group will post 4.4898551 earnings per share for the current fiscal year.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total transaction of C$457,000.00. 8.44% of the stock is currently owned by corporate insiders.

About North American Construction Group

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.