ATB Cormark Capital Markets Upgrades North American Construction Group (TSE:NOA) to Outperform

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by stock analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a C$21.00 target price on the stock, down from their prior target price of C$23.00. ATB Cormark Capital Markets’ target price indicates a potential upside of 16.67% from the company’s current price.

Several other equities analysts have also issued reports on the company. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$26.00 to C$23.00 in a research note on Thursday. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a research note on Friday. Canadian Imperial Bank of Commerce lowered their price target on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, TD Securities cut 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 report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, North American Construction Group presently has an average rating of “Moderate Buy” and an average target price of C$24.63.

North American Construction Group Price Performance

Shares of TSE NOA traded up C$1.50 during trading on Friday, reaching C$18.00. The company had a trading volume of 268,581 shares, compared to its average volume of 102,330. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.79 and a current ratio of 0.91. The stock has a market cap of C$523.35 million, a PE ratio of 14.17, a PEG ratio of 0.79 and a beta of 0.70. The business’s 50 day moving average price is C$21.57 and its 200-day moving average price is C$20.25. North American Construction Group has a 52 week low of C$16.45 and a 52 week high of C$25.05.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$305.58 million for the quarter. North American Construction Group had a return on equity of 9.34% and a net margin of 3.00%. Analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group Company Profile

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.