North American Construction Group (TSE:NOA) Price Target Lowered to C$20.00 at CIBC

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target cut by equities research analysts at CIBC from C$22.00 to C$20.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 5.37% from the stock’s current price.

Several other research firms also recently commented on NOA. TD Securities lowered their target price 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 research report on Friday, December 19th. BMO Capital Markets cut their price objective on North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares set a C$28.00 target price on shares of North American Construction Group and gave the company an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$28.06.

North American Construction Group Stock Up 1.4%

Shares of NOA traded up C$0.26 during trading hours on Wednesday, reaching C$18.98. The company’s stock had a trading volume of 77,139 shares, compared to its average volume of 109,082. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The firm has a market cap of C$551.84 million, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.79 and a beta of 0.42. The company has a 50 day moving average of C$19.86 and a two-hundred day moving average of C$20.40. North American Construction Group has a 1-year low of C$16.78 and a 1-year high of C$31.67.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, November 12th. The company reported C$0.67 EPS for the quarter. North American Construction Group had a net margin of 4.80% and a return on equity of 15.24%. The business had revenue of C$317.25 million for the quarter. As a group, research analysts predict that North American Construction Group will post 4.0597484 EPS for the current fiscal 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.