North American Construction Group (TSE:NOA) Raised to “Strong-Buy” at Roth Mkm

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by stock analysts at Roth Mkm to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

NOA has been the topic of several other research reports. BMO Capital Markets cut their price objective on North American Construction Group from C$27.00 to C$25.00 in a report on Friday, October 10th. Canadian Imperial Bank of Commerce cut their price target on North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. National Bankshares set a C$28.00 price objective on shares of North American Construction Group and gave the company an “outperform” rating in a report on Monday, December 22nd. ATB Capital set a C$26.00 target price on shares of North American Construction Group and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Finally, TD Securities reduced their target price on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, North American Construction Group has a consensus rating of “Moderate Buy” and an average target price of C$28.06.

North American Construction Group Stock Up 4.6%

Shares of TSE NOA opened at C$21.96 on Thursday. The company has a market cap of C$638.49 million, a price-to-earnings ratio of 17.29, a PEG ratio of 0.79 and a beta of 0.35. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. North American Construction Group has a 12 month low of C$16.78 and a 12 month high of C$27.68. The stock has a 50-day moving average price of C$20.16 and a two-hundred day moving average price of C$19.94.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported C$0.67 earnings per share (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%. As a group, analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current fiscal 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.