North American Construction Group (TSE:NOA) Lowered to “Market Perform” Rating by BMO Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, Marketbeat.com reports. They presently have a C$23.00 price objective on the stock, down from their prior price objective of C$26.00. BMO Capital Markets’ price target points to a potential upside of 38.06% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. National Bank Financial set a C$28.00 target price on North American Construction Group and gave the company an “outperform” rating in a report on Monday, December 22nd. Canadian Imperial Bank of Commerce decreased their price target on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Finally, TD Securities cut their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$27.81.

North American Construction Group Trading Down 26.9%

TSE:NOA traded down C$6.14 during trading hours on Thursday, reaching C$16.66. 536,410 shares of the stock were exchanged, compared to its average volume of 96,080. North American Construction Group has a twelve month low of C$16.55 and a twelve month high of C$25.05. The business has a 50-day moving average of C$21.64 and a two-hundred day moving average of C$20.27. The company has a market capitalization of C$484.39 million, a price-to-earnings ratio of 13.12, a PEG ratio of 0.79 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 193.35.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results 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%. On average, equities analysts predict that North American Construction Group will post 4.0597484 EPS for the current 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.