National Bankshares Increases North American Construction Group (TSE:NOA) Price Target to C$28.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lifted by research analysts at National Bankshares from C$26.00 to C$28.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 45.99% from the stock’s previous close.

Several other brokerages have also recently weighed in on NOA. BMO Capital Markets dropped their price objective on shares of North American Construction Group from C$27.00 to C$25.00 in a research note on Friday, October 10th. ATB Capital set a C$26.00 price target on shares of North American Construction Group and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, North American Construction Group has a consensus rating of “Hold” and an average target price of C$30.31.

North American Construction Group Stock Performance

NOA opened at C$19.18 on Monday. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The business has a fifty day simple moving average of C$19.95 and a 200 day simple moving average of C$20.58. North American Construction Group has a 1 year low of C$16.78 and a 1 year high of C$31.67. The company has a market capitalization of C$557.66 million, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.79 and a beta of 0.42.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share for the quarter. The company had revenue of C$317.25 million during the quarter. North American Construction Group had a return on equity of 15.24% and a net margin of 4.80%. Research analysts expect that North American Construction Group will post 4.0597484 EPS for the current year.

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.