North American Construction Group (TSE:NOA) Downgraded by BMO Capital Markets to Market Perform

BMO Capital Markets lowered shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from an outperform rating to a market perform rating in a research report report published on Thursday, Marketbeat reports. They currently have C$23.00 target price on the stock, down from their prior target price of C$26.00.

Several other analysts have also recently commented on NOA. Canadian Imperial Bank of Commerce lowered their price target on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. National Bank Financial set a C$28.00 target price on shares of North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Finally, TD Securities lowered 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 report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, North American Construction Group currently has a consensus rating of “Moderate Buy” and an average price target of C$27.81.

North American Construction Group Trading Down 27.6%

Shares of North American Construction Group stock opened at C$16.50 on Thursday. North American Construction Group has a fifty-two week low of C$16.45 and a fifty-two week high of C$25.05. The business’s fifty day moving average is C$21.57 and its two-hundred day moving average is C$20.25. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$479.74 million, a PE ratio of 12.99, a P/E/G ratio of 0.79 and a beta of 0.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) EPS for the quarter. The business 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%. Analysts anticipate 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.