Raymond James Financial Issues Pessimistic Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target dropped by analysts at Raymond James Financial from C$26.00 to C$24.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 33.33% from the stock’s current price.

Several other research firms have also recently commented on NOA. ATB Cormark Capital Markets raised shares of North American Construction Group from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from C$23.00 to C$21.00 in a research report on Friday. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price for the company in a research note on Friday. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$26.00 to C$23.00 in a research report on Thursday. Finally, TD Securities decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, North American Construction Group has an average rating of “Moderate Buy” and an average target price of C$24.63.

North American Construction Group Trading Up 9.1%

NOA traded up C$1.50 during midday trading on Friday, reaching C$18.00. 268,581 shares of the company’s stock traded hands, compared to its average volume of 102,330. North American Construction Group has a 52 week low of C$16.45 and a 52 week high of C$25.05. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.91 and a quick ratio of 0.79. The firm has a fifty day moving average of C$21.57 and a two-hundred day moving average of C$20.25. The stock has a market capitalization of C$523.35 million, a price-to-earnings ratio of 14.17, a P/E/G ratio of 0.79 and a beta of 0.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) earnings per share for the quarter. The business had revenue of C$305.58 million during the quarter. North American Construction Group had a return on equity of 9.34% and a net margin of 3.00%. On average, equities analysts anticipate that North American Construction Group will post 4.0597484 earnings per share for the current fiscal 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.