North American Construction Group (TSE:NOA) Raised to “Buy” at TD Securities

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a C$34.00 price objective on the stock. TD Securities’ target price would suggest a potential upside of 17.89% from the company’s previous close.

A number of other research analysts also recently issued reports on NOA. CIBC boosted their price target on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. National Bankshares boosted their target price on North American Construction Group from C$43.00 to C$46.00 in a research note on Friday, March 15th. ATB Capital dropped their price target on North American Construction Group from C$46.00 to C$45.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets lifted their price target on shares of North American Construction Group from C$39.00 to C$42.00 in a report on Thursday, March 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$40.13.

North American Construction Group Trading Up 0.7 %

North American Construction Group stock traded up C$0.19 during mid-day trading on Thursday, hitting C$28.84. The company’s stock had a trading volume of 37,691 shares, compared to its average volume of 73,091. The business has a 50 day moving average price of C$31.86 and a 200-day moving average price of C$29.74. North American Construction Group has a 12 month low of C$24.04 and a 12 month high of C$34.87. The stock has a market cap of C$770.89 million, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The company has a debt-to-equity ratio of 201.05, a current ratio of 0.91 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The company had revenue of C$326.30 million for the quarter, compared to the consensus estimate of C$315.13 million. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. As a group, analysts forecast that North American Construction Group will post 4.4898551 EPS for the current year.

Insider Activity

In related news, Director Martin Robert Ferron sold 4,000 shares of North American Construction Group stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$31.85, for a total transaction of C$127,400.00. Company insiders own 8.44% of the company’s stock.

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.