National Bankshares Increases North American Construction Group (TSE:NOA) Price Target to C$47.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price increased by equities researchers at National Bankshares from C$46.00 to C$47.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 67.50% from the stock’s previous close.

NOA has been the topic of a number of other reports. TD Securities raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 target price on the stock in a report on Thursday, April 18th. CIBC lifted their target price on shares of North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. BMO Capital Markets cut their target price on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, ATB Capital cut their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$40.57.

North American Construction Group Stock Down 0.9 %

NOA stock opened at C$28.06 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 201.05. North American Construction Group has a twelve month low of C$24.18 and a twelve month high of C$34.87. The company’s 50 day moving average is C$31.04 and its two-hundred day moving average is C$29.68. The stock has a market cap of C$750.04 million, a P/E ratio of 13.43, a PEG ratio of 0.79 and a beta of 1.70.

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

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00. Corporate insiders own 8.44% of the company’s stock.

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.