North American Construction Group (TSE:NOA) Upgraded at Raymond James

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by equities research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a C$40.00 price target on the stock. Raymond James’ price objective would indicate a potential upside of 44.20% from the company’s current price.

Other research analysts have also issued research reports about the company. ATB Capital dropped their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. National Bankshares reduced their target price on North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Thursday. Canaccord Genuity Group boosted their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$38.13.

North American Construction Group Trading Down 2.5 %

TSE NOA traded down C$0.71 on Thursday, hitting C$27.74. 45,795 shares of the stock were exchanged, compared to its average volume of 63,327. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. The firm has a market capitalization of C$741.49 million, a P/E ratio of 15.16, a P/E/G ratio of 0.79 and a beta of 1.59. The stock has a fifty day moving average price of C$29.51 and a two-hundred day moving average price of C$27.14.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.12 EPS for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.02. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. The firm had revenue of C$286.86 million during the quarter, compared to analysts’ expectations of C$294.95 million. During the same period in the previous year, the company earned $0.50 EPS. Research analysts forecast that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Martin Robert Ferron purchased 2,900 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of C$27.68 per share, for a total transaction of C$80,272.00. 8.93% of the stock is currently owned by company insiders.

About North American Construction Group

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.