ATB Capital Reiterates “Outperform” Rating for North American Construction Group (TSE:NOA)

North American Construction Group (TSE:NOA) (NYSE:NOA)‘s stock had its “outperform” rating restated by ATB Capital in a research note issued on Thursday, Stock Target Advisor reports.

Other research analysts have also issued research reports about the stock. Canaccord Genuity upped their price target on shares of North American Construction Group from C$21.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, June 22nd. TD Securities upped their price target on shares of North American Construction Group from C$18.00 to C$21.00 and gave the company a “hold” rating in a research note on Tuesday, June 22nd. Raymond James restated a “buy” rating and set a C$24.00 price target on shares of North American Construction Group in a research note on Wednesday, September 15th. Pi Financial upped their price objective on shares of North American Construction Group from C$22.00 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, June 22nd. Finally, BMO Capital Markets upped their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company an “outperform” rating in a report on Tuesday, June 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$24.31.

Shares of TSE NOA traded up C$0.10 during trading hours on Thursday, hitting C$19.88. 10,540 shares of the stock were exchanged, compared to its average volume of 88,406. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 167.37. The company has a market cap of C$564.95 million and a PE ratio of 15.72. The firm has a fifty day moving average price of C$18.14 and a 200-day moving average price of C$17.25. North American Construction Group has a 12 month low of C$8.35 and a 12 month high of C$21.30.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, July 28th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.07). The business had revenue of C$140.16 million for the quarter, compared to analyst estimates of C$147.95 million. As a group, equities analysts anticipate that North American Construction Group will post 2.3900004 earnings per share for the current fiscal year.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States 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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