North American Construction Group (TSE:NOA) Price Target Cut to C$39.00 by Analysts at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective cut by National Bankshares from C$47.00 to C$39.00 in a 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 57.96% from the stock’s current price.

Several other analysts also recently commented on NOA. Ventum Financial cut 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 note on Friday. ATB Capital reduced their price objective on North American Construction Group from C$45.00 to C$40.00 in a report on Friday. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday. Raymond James reduced their price target on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Securities lowered their price objective on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, North American Construction Group has an average rating of “Buy” and a consensus price target of C$37.00.

North American Construction Group Stock Down 4.2 %

North American Construction Group stock traded down C$1.07 during mid-day trading on Friday, reaching C$24.69. The stock had a trading volume of 80,110 shares, compared to its average volume of 70,742. The company has a market capitalization of C$659.96 million, a price-to-earnings ratio of 13.94, a PEG ratio of 0.79 and a beta of 1.64. The company has a debt-to-equity ratio of 206.01, a current ratio of 1.04 and a quick ratio of 0.79. North American Construction Group has a one year low of C$24.01 and a one year high of C$34.87. The company has a 50-day moving average price of C$27.28 and a two-hundred day moving average price of C$29.51.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$0.67 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.11. The firm had revenue of C$297.03 million for the quarter, compared to analysts’ expectations of C$295.07 million. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. On average, analysts expect that North American Construction Group will post 4.4793388 EPS for the current fiscal year.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of C$19.81 per share, with a total value of C$99,050.00. Over the last quarter, insiders purchased 22,000 shares of company stock valued at $554,850. Company insiders own 8.78% 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.