North American Construction Group (TSE:NOA) Receives “Buy” Rating from Raymond James

North American Construction Group (TSE:NOA) (NYSE:NOA)‘s stock had its “buy” rating reiterated by investment analysts at Raymond James in a research report issued on Wednesday, Price Targets.com reports. They presently have a C$24.00 price objective on the stock. Raymond James’ price target indicates a potential upside of 28.82% from the company’s current price.

Other research analysts have also issued research reports about the company. National Bankshares lifted their target price on North American Construction Group from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, June 11th. BMO Capital Markets boosted their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a report on Tuesday, June 22nd. TD Securities boosted their price objective on North American Construction Group from C$18.00 to C$21.00 and gave the stock a “hold” rating in a report on Tuesday, June 22nd. Pi Financial boosted their price objective on North American Construction Group from C$22.00 to C$26.00 and gave the stock a “buy” rating in a report on Tuesday, June 22nd. Finally, ATB Capital boosted their price objective on North American Construction Group from C$23.50 to C$26.00 and gave the stock 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, North American Construction Group currently has a consensus rating of “Buy” and an average target price of C$24.25.

NOA stock traded down C$0.40 during mid-day trading on Wednesday, reaching C$18.63. 38,620 shares of the company traded hands, compared to its average volume of 91,221. The company has a debt-to-equity ratio of 167.37, a current ratio of 0.99 and a quick ratio of 0.65. The company has a market capitalization of C$529.43 million and a P/E ratio of 15.04. North American Construction Group has a 52-week low of C$7.99 and a 52-week high of C$21.30. The company has a fifty day moving average price of C$17.94 and a 200-day moving average price of C$16.67.

In other North American Construction Group news, Senior Officer Joseph Charles Lambert sold 31,100 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The stock was sold at an average price of C$20.54, for a total value of C$638,794.00. Following the completion of the sale, the insider now owns 185,472 shares in the company, valued at C$3,809,594.88. Also, Director Martin Robert Ferron sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of C$20.65, for a total value of C$103,250.00. Following the completion of the sale, the director now owns 2,027,532 shares of the company’s stock, valued at approximately C$41,868,535.80. Insiders sold a total of 112,100 shares of company stock valued at $2,226,894 in the last 90 days.

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.

Further Reading: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for North American Construction Group (TSE:NOA)

Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.