North American Construction Group (TSE:NOA) PT Lowered to C$39.00 at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price decreased by research analysts at National Bankshares from C$47.00 to C$39.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 57.96% from the stock’s previous close.

A number of other analysts also recently commented on NOA. Raymond James dropped their price target on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday. Ventum Financial dropped their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday. ATB Capital cut their price target on shares of North American Construction Group from C$45.00 to C$40.00 in a report on Friday. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a report on Thursday. Finally, TD Securities reduced their target price on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$37.00.

North American Construction Group Stock Performance

TSE:NOA traded down C$1.07 during mid-day trading on Friday, hitting 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 current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 206.01. The company has a 50 day simple moving average of C$27.28 and a 200-day simple moving average of C$29.51. The stock has a market capitalization of C$659.96 million, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.79 and a beta of 1.64. North American Construction Group has a 52 week low of C$24.01 and a 52 week high of C$34.87.

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

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average price of C$27.68 per share, with a total value of C$138,400.00. Insiders have bought a total of 22,000 shares of company stock valued at $554,850 in the last three months. 8.78% of the stock is currently owned by company insiders.

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.