North American Construction Group (TSE:NOA) Upgraded at Canaccord Genuity Group

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a C$20.00 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 11.11% from the stock’s current price.

Several other research firms have also recently commented on NOA. BMO Capital Markets cut North American Construction Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$26.00 to C$23.00 in a report on Thursday. TD Securities lowered their price objective on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research note on Friday, December 19th. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. National Bank Financial set a C$28.00 target price on North American Construction Group and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$24.63.

North American Construction Group Price Performance

NOA traded up C$1.50 on Friday, reaching C$18.00. 268,581 shares of the company’s stock were exchanged, compared to its average volume of 102,330. North American Construction Group has a twelve month low of C$16.45 and a twelve month high of C$25.05. The stock has a market cap of C$523.35 million, a PE ratio of 14.17, a P/E/G ratio of 0.79 and a beta of 0.70. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.91 and a quick ratio of 0.79. The stock’s fifty day moving average price is C$21.57 and its 200-day moving average price is C$20.25.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) EPS for the quarter. North American Construction Group had a net margin of 3.00% and a return on equity of 9.34%. The business had revenue of C$305.58 million during the quarter. Sell-side analysts expect that North American Construction Group will post 4.0597484 EPS for the current 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.