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

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lowered by CIBC from C$22.00 to C$20.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 5.37% from the stock’s current price.

Several other research analysts also recently issued reports on NOA. National Bankshares set a C$28.00 price objective on North American Construction Group and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets decreased their price target on North American Construction Group from C$27.00 to C$25.00 in a report on Friday, October 10th. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Finally, TD Securities reduced their price objective on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$28.06.

North American Construction Group Price Performance

NOA traded up C$0.26 during trading on Wednesday, hitting C$18.98. The company’s stock had a trading volume of 77,139 shares, compared to its average volume of 109,082. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The stock has a market capitalization of C$551.84 million, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.42. The firm’s 50 day moving average price is C$19.86 and its two-hundred day moving average price is C$20.40. North American Construction Group has a 12 month low of C$16.78 and a 12 month high of C$31.67.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share for the quarter. The company had revenue of C$317.25 million during the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%. Sell-side analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.