North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) had its price objective decreased by investment analysts at BMO Capital Markets from C$42.00 to C$39.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 32.74% from the stock’s previous close.
Several other analysts also recently weighed in on NOA. ATB Capital lowered their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. National Bankshares boosted their target price on North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. CIBC increased their target price on North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th. Finally, TD Securities upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target on the stock in a research note on Thursday, April 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and a consensus price target of C$39.75.
North American Construction Group Stock Performance
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last released its earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.06. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. The business had revenue of C$326.30 million for the quarter, compared to analyst estimates of C$315.13 million. As a group, equities research analysts forecast that North American Construction Group will post 4.4898551 EPS for the current year.
Insiders Place Their Bets
In other news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total value of C$457,000.00. 8.44% of the stock is owned by company insiders.
North American Construction Group Company Profile
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.
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