North American Construction Group (TSE:NOA) Price Target Raised to C$32.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lifted by Canaccord Genuity Group from C$30.00 to C$32.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 17.04% from the company’s previous close.

Other research analysts have also issued research reports about the stock. National Bankshares lifted their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday. Ventum Financial reduced their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets reduced their target price on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Raymond James decreased their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, ATB Capital cut their price objective on North American Construction Group from C$45.00 to C$40.00 in a report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$36.25.

North American Construction Group Trading Up 0.7 %

Shares of NOA stock opened at C$27.34 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The stock has a 50-day simple moving average of C$25.19 and a 200 day simple moving average of C$26.55. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87. The stock has a market capitalization of C$730.80 million, a P/E ratio of 14.94, a P/E/G ratio of 0.79 and a beta of 1.59.

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

Insider Buying and Selling at North American Construction Group

In related news, Director Maryse C. Saint-Laurent purchased 2,000 shares of North American Construction Group stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, with a total value of C$51,760.00. In other news, Director Martin Robert Ferron bought 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of C$24.15 per share, for a total transaction of C$72,460.80. Also, Director Maryse C. Saint-Laurent bought 2,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Insiders have acquired a total of 12,000 shares of company stock valued at $290,121 in the last 90 days. 8.93% of the stock is currently owned by corporate insiders.

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.