North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) had its target price dropped by investment analysts at BMO Capital Markets from C$39.00 to C$37.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 29.10% from the company’s current price.
Several other research analysts have also recently issued reports on NOA. CIBC increased their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. ATB Capital decreased their price objective on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares increased their price objective on shares of North American Construction Group from C$43.00 to C$46.00 in a report on Friday, March 15th. Finally, TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective for the company in a report on Thursday, April 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$40.43.
Check Out Our Latest Research Report on North American Construction Group
North American Construction Group Stock Performance
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The business had revenue of C$326.30 million during the quarter, compared to analysts’ expectations of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. On average, research analysts anticipate that North American Construction Group will post 4.4898551 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. Company insiders own 8.44% 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.
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