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 boosted by research analysts at Canaccord Genuity Group from C$30.00 to C$32.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 16.49% from the company’s current price.

Several other research analysts have also recently issued reports on NOA. BMO Capital Markets lowered their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Raymond James lowered their price objective 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. Ventum Financial lowered 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 report on Friday, August 2nd. National Bankshares upped their price objective on 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. Finally, TD Securities lowered 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 research report on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, North American Construction Group presently has a consensus rating of “Buy” and an average price target of C$36.25.

North American Construction Group Stock Up 1.2 %

TSE NOA traded up C$0.32 during trading hours on Friday, hitting C$27.47. 108,570 shares of the company were exchanged, compared to its average volume of 67,655. The company has a 50 day moving average of C$25.15 and a two-hundred day moving average of C$26.59. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The firm has a market cap of C$734.27 million, a price-to-earnings ratio of 15.01, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released 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. The business had revenue of C$276.31 million during the quarter, compared to analysts’ expectations of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. Equities research analysts anticipate that North American Construction Group will post 4.0597484 earnings per share for the current year.

Insider Buying and Selling at North American Construction Group

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