North American Construction Group (TSE:NOA) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lifted by stock analysts at ATB Cormark Capital Markets from C$21.00 to C$24.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 14.18% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research report on Friday, March 13th. Raymond James Financial upped their price target on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. BMO Capital Markets upped their price target on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Stock Performance

Shares of NOA stock opened at C$21.02 on Thursday. The business’s fifty day simple moving average is C$19.66 and its 200-day simple moving average is C$20.23. The company has a market cap of C$597.28 million, a PE ratio of 18.44, a PEG ratio of 0.79 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. North American Construction Group has a 12-month low of C$16.45 and a 12-month high of C$24.90.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. The business had revenue of C$319.22 million for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. Analysts expect that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Joseph Pollesel purchased 2,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the transaction, the director owned 3,500 shares of the company’s stock, valued at approximately C$62,650. This trade represents a 133.33% increase in their ownership of the stock. 8.93% of the stock is currently owned by insiders.

About North American Construction Group

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.