Canaccord Genuity Group Lowers North American Construction Group (TSE:NOA) Price Target to C$30.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target dropped by equities researchers at Canaccord Genuity Group from C$34.00 to C$30.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 28.42% from the company’s current price.

NOA has been the topic of several other research reports. Ventum Financial reduced their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. National Bankshares lowered their price target on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. ATB Capital decreased their price objective on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Raymond James cut their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, TD Securities lowered their price target on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, North American Construction Group has an average rating of “Buy” and a consensus price target of C$36.13.

North American Construction Group Price Performance

Shares of TSE:NOA opened at C$23.36 on Tuesday. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The firm has a market cap of C$624.41 million, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.79 and a beta of 1.59. The firm has a fifty day moving average price of C$25.31 and a 200 day moving average price of C$27.10. North American Construction Group has a fifty-two week low of C$23.19 and a fifty-two week high of C$34.87.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.79 by C$0.06. The firm had revenue of C$276.31 million for the quarter, compared to analysts’ expectations of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. As a group, sell-side 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 Martin Robert Ferron purchased 7,000 shares of North American Construction Group stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of C$23.70 per share, with a total value of C$165,900.00. In other news, Director Maryse C. Saint-Laurent purchased 2,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron purchased 7,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of C$23.70 per share, for a total transaction of C$165,900.00. Over the last ninety days, insiders purchased 12,000 shares of company stock valued at $290,121. 8.93% of the stock is currently 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.