ATB Capital Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective lowered by analysts at ATB Capital from C$40.00 to C$38.00 in a report issued on Friday, BayStreet.CA reports. ATB Capital’s price objective would suggest a potential upside of 38.33% from the company’s current price.

A number of other equities analysts have also recently issued reports on NOA. BMO Capital Markets lowered their target price on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Canaccord Genuity Group increased their target price on North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Friday. Raymond James lowered their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. National Bankshares raised their price objective on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday. Finally, Ventum Financial decreased 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 report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$36.25.

North American Construction Group Stock Up 1.2 %

NOA stock traded up C$0.32 during trading hours on Friday, reaching C$27.47. 108,570 shares of the stock were exchanged, compared to its average volume of 67,655. The firm’s 50-day moving average is C$25.15 and its 200-day moving average is C$26.59. The company 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. 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 has a 12 month low of C$22.68 and a 12 month high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.06. The firm 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%. On average, equities research analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current year.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron purchased 3,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of C$24.15 per share, for a total transaction of C$72,460.80. In other North American Construction Group news, Director Maryse C. Saint-Laurent purchased 2,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron purchased 3,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of C$24.15 per share, with a total value of C$72,460.80. Over the last 90 days, insiders acquired 12,000 shares of company stock worth $290,121. Company 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.