Raymond James Boosts North American Construction Group (TSE:NOA) Price Target to C$27.50

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) had its price objective boosted by equities research analysts at Raymond James from C$26.50 to C$27.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 58.50% from the stock’s current price.

NOA has been the subject of a number of other reports. CIBC upped their price objective on shares of North American Construction Group from C$22.00 to C$23.00 and gave the company a “neutral” rating in a research report on Friday, February 18th. Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. Finally, National Bankshares upped their price objective on shares of North American Construction Group from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, February 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$26.30.

North American Construction Group stock traded down C$0.39 during trading on Monday, reaching C$17.35. 91,557 shares of the company’s stock were exchanged, compared to its average volume of 77,534. The company’s 50-day moving average is C$18.90 and its two-hundred day moving average is C$18.99. The company has a debt-to-equity ratio of 141.93, a quick ratio of 0.59 and a current ratio of 0.91. North American Construction Group has a 52-week low of C$13.83 and a 52-week high of C$22.00. The firm has a market cap of C$520.05 million and a price-to-earnings ratio of 10.53.

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, February 16th. The company reported C$0.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.02. The business had revenue of C$181.00 million for the quarter, compared to analysts’ expectations of C$185.50 million. Analysts anticipate that North American Construction Group will post 2.3800002 EPS for the current year.

In related news, Director Martin Robert Ferron acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average price of C$19.01 per share, for a total transaction of C$190,100.00. Following the completion of the purchase, the director now directly owns 2,126,857 shares of the company’s stock, valued at C$40,431,551.57. Also, insider North American Construction Group Ltd. bought 24,296 shares of North American Construction Group stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of C$17.94 per share, with a total value of C$435,858.09. Following the completion of the acquisition, the insider now directly owns 24,296 shares of the company’s stock, valued at approximately C$435,858.09. Insiders acquired 101,296 shares of company stock worth $1,851,473 in the last 90 days.

About North American Construction Group (Get Rating)

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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