National Bankshares Forecasts Strong Price Appreciation for North American Construction Group (TSE:NOA) Stock

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price boosted by analysts at National Bankshares from C$39.00 to C$40.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 45.61% from the company’s previous close.

Several other research firms also recently commented on NOA. Canaccord Genuity Group reduced their price objective on North American Construction Group from C$34.00 to C$30.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. TD Securities reduced their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ATB Capital dropped their target price on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Ventum Financial dropped their target price on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, BMO Capital Markets dropped their target price on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$36.25.

North American Construction Group Stock Performance

TSE NOA traded up C$0.32 during trading hours on Friday, hitting C$27.47. The company’s stock had a trading volume of 108,570 shares, compared to its average volume of 67,655. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The company’s 50 day simple moving average is C$25.15 and its two-hundred day simple moving average is C$26.59. The company has a market cap of C$734.27 million, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter, topping the consensus estimate of C$0.79 by C$0.06. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The company had revenue of C$276.31 million during the quarter, compared to the consensus estimate of C$314.61 million. As a group, sell-side analysts expect that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

Insider Activity

In related news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of C$25.88 per share, with a total value of C$51,760.00. In related news, Director Martin Robert Ferron acquired 7,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of C$23.70 per share, with a total value of C$165,900.00. Also, Director Maryse C. Saint-Laurent purchased 2,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Insiders have purchased a total of 12,000 shares of company stock valued at $290,121 in the last ninety days. Corporate insiders own 8.93% 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.