North American Construction Group (TSE:NOA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target increased by BMO Capital Markets from C$21.00 to C$22.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 0.64% from the stock’s current price.

NOA has been the topic of several other research reports. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. Raymond James Financial raised their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. ATB Cormark Capital Markets cut shares of North American Construction Group from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 28th. Finally, 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, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Stock Performance

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

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

Insider Activity

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 bought at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the purchase, the director directly owned 3,500 shares of the company’s stock, valued at approximately C$62,650. This trade represents a 133.33% increase in their position. 8.93% of the stock is owned by corporate insiders.

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.