North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) had its price objective dropped by BMO Capital Markets from C$39.00 to C$37.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 29.10% from the stock’s current price.
A number of other research firms have also recently issued reports on NOA. CIBC boosted their price objective on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. National Bankshares boosted their price objective on North American Construction Group from C$43.00 to C$46.00 in a report on Friday, March 15th. TD Securities raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 target price for the company in a research report on Thursday, April 18th. Finally, ATB Capital decreased their target price on North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$40.43.
Get Our Latest Analysis on NOA
North American Construction Group Trading Down 1.4 %
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last posted its quarterly earnings data 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 company had revenue of C$326.30 million during the quarter, compared to analysts’ expectations of C$315.13 million. As a group, research analysts predict that North American Construction Group will post 4.4898551 earnings per share for the current fiscal year.
Insider Transactions at North American Construction Group
In other news, Director Martin Robert Ferron sold 20,000 shares of the business’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. Corporate insiders own 8.44% of the company’s stock.
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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