CIBC Has Lowered Expectations for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price decreased by analysts at CIBC from C$22.00 to C$20.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 5.37% from the company’s current price.

Several other equities research analysts have also recently weighed in on NOA. TD Securities lowered their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a report on Friday, December 19th. ATB Capital set a C$26.00 price objective on North American Construction Group and gave the company a “sector perform” rating in a report on Thursday, October 23rd. National Bankshares set a C$28.00 target price on shares of North American Construction Group and gave the stock an “outperform” rating in a report on Monday. Finally, BMO Capital Markets cut 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 investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$28.06.

North American Construction Group Stock Up 1.4%

Shares of NOA opened at C$18.98 on Wednesday. The firm has a market capitalization of C$551.84 million, a P/E ratio of 14.94, a P/E/G ratio of 0.79 and a beta of 0.42. North American Construction Group has a 12-month low of C$16.78 and a 12-month 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 firm has a fifty day moving average price of C$19.81 and a 200-day moving average price of C$20.38.

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