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

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lifted by equities research analysts at BMO Capital Markets from C$21.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 0.64% from the stock’s current price.

A number of other analysts have also recently weighed in on NOA. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a report on Friday, March 13th. Raymond James Financial increased their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets cut shares of North American Construction Group from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, North American Construction Group currently has an average rating of “Moderate Buy” and an average price target of C$22.71.

North American Construction Group Stock Up 10.5%

NOA traded up C$2.07 during trading on Thursday, hitting C$21.86. The company had a trading volume of 256,534 shares, compared to its average volume of 112,274. The company has a market cap of C$621.15 million, a PE ratio of 19.18, a P/E/G ratio of 0.79 and a beta of 0.86. The business has a 50-day moving average of C$19.72 and a 200-day moving average of C$20.23. The company has a debt-to-equity ratio of 201.83, a current ratio of 0.88 and a quick ratio of 0.79. North American Construction Group has a 1-year low of C$16.45 and a 1-year high of C$24.90.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. The firm had revenue of C$319.22 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. As a group, analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current year.

Insider Buying and Selling at North American Construction Group

In other news, Director John Joseph Pollesel acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the acquisition, the director directly owned 3,500 shares in the company, valued at approximately C$62,650. The trade was a 133.33% increase in their ownership of the stock. 8.93% of the stock is currently owned by company 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.