North American Construction Group (TSE:NOA) Stock Price Up 5.9% – Should You Buy?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares were up 5.9% on Friday . The company traded as high as C$17.67 and last traded at C$17.48. Approximately 81,806 shares traded hands during trading, a decline of 17% from the average daily volume of 98,108 shares. The stock had previously closed at C$16.50.

Wall Street Analysts Forecast Growth

NOA has been the subject of several research reports. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. National Bank Financial set a C$28.00 price objective on shares of North American Construction Group and gave the company an “outperform” rating in a research report on Monday, December 22nd. BMO Capital Markets cut shares of North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$26.00 to C$23.00 in a research note on Thursday. TD Securities decreased their target price on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, North American Construction Group has an average rating of “Moderate Buy” and an average price target of C$27.81.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 193.35, a current ratio of 0.91 and a quick ratio of 0.79. The stock’s 50 day moving average price is C$21.57 and its two-hundred day moving average price is C$20.25. The firm has a market capitalization of C$504.45 million, a price-to-earnings ratio of 13.66, a PEG ratio of 0.79 and a beta of 0.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$305.58 million during the quarter. North American Construction Group had a net margin of 3.00% and a return on equity of 9.34%. On average, equities research analysts anticipate that North American Construction Group Ltd. 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.