BMO Capital Markets Raises North American Construction Group (TSE:NOA) Price Target to C$22.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price hoisted by equities research analysts at BMO Capital Markets from C$21.00 to C$22.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 4.66% from the company’s current price.

Several other brokerages have also commented on NOA. ATB Cormark Capital Markets lowered North American Construction Group from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 28th. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group raised 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 report on Friday, March 13th. Finally, Raymond James Financial lifted their target price on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Stock Down 2.8%

North American Construction Group stock opened at C$21.02 on Thursday. The firm has a market cap of C$597.28 million, a price-to-earnings ratio of 18.44, a PEG ratio of 0.79 and a beta of 0.86. The stock has a fifty day simple moving average of C$19.66 and a two-hundred day simple moving average of C$20.23. North American Construction Group has a 12 month low of C$16.45 and a 12 month high of C$24.90. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. Equities analysts predict that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director John Joseph Pollesel acquired 2,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of C$17.90 per share, for a total transaction of C$35,800.00. Following the completion of the transaction, the director directly owned 3,500 shares of the company’s stock, valued at approximately C$62,650. The trade was a 133.33% increase in their ownership of the stock. 8.93% of the stock is owned by insiders.

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.