North American Construction Group (TSE:NOA) Price Target Lowered to C$19.00 at TD Securities

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target decreased by investment analysts at TD Securities from C$21.00 to C$19.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 5.20% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. National Bankshares upped their price target on shares of North American Construction Group from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Monday. ATB Capital set a C$26.00 price objective on shares of North American Construction Group and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Finally, BMO Capital Markets reduced their target price on shares of North American Construction Group from C$27.00 to C$25.00 in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, North American Construction Group presently has a consensus rating of “Hold” and an average target price of C$30.06.

North American Construction Group Trading Down 5.1%

Shares of NOA stock traded down C$0.97 on Friday, reaching C$18.06. 570,335 shares of the company’s stock were exchanged, compared to its average volume of 107,849. The company’s fifty day simple moving average is C$19.90 and its 200 day simple moving average is C$20.56. North American Construction Group has a 52 week low of C$16.78 and a 52 week high of C$31.67. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The stock has a market capitalization of C$525.09 million, a PE ratio of 14.22, a P/E/G ratio of 0.79 and a beta of 0.42.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$0.67 EPS for the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%.The company had revenue of C$317.25 million for the quarter. As a group, analysts forecast that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Company Profile

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.