North American Construction Group (TSE:NOA) Given New C$24.00 Price Target at ATB Cormark Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lifted by equities research analysts at ATB Cormark Capital Markets from C$21.00 to C$24.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 9.79% from the stock’s current price.

A number of other analysts have also recently weighed in on NOA. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research note on Friday, March 13th. Raymond James Financial boosted their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Stock Up 10.5%

TSE NOA traded up C$2.07 during trading on Thursday, reaching C$21.86. The company’s stock had a trading volume of 256,534 shares, compared to its average volume of 112,274. The business has a 50-day moving average price of C$19.72 and a 200-day moving average price of C$20.23. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 201.83. North American Construction Group has a 1-year low of C$16.45 and a 1-year high of C$24.90. The stock has a market capitalization of C$621.15 million, a PE ratio of 19.18, a PEG ratio of 0.79 and a beta of 0.86.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. The business had revenue of C$319.22 million during the quarter. On average, research analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

Insider Transactions at North American Construction Group

In related news, Director John Joseph Pollesel bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the transaction, the director owned 3,500 shares of the company’s stock, valued at C$62,650. The trade was a 133.33% increase in their position. Company insiders own 8.93% of the company’s stock.

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.