North American Construction Group (TSE:NOA) PT Raised to C$23.50

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price objective hoisted by research analysts at National Bank Financial from C$23.00 to C$23.50 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 44.08% from the company’s previous close.

Separately, Raymond James upgraded shares of North American Construction Group from a “market perform” rating to a “strong-buy” rating and set a C$22.00 target price on the stock in a report on Monday, May 13th.

Shares of North American Construction Group stock traded down C$0.24 on Thursday, hitting C$16.31. The stock had a trading volume of 77,092 shares, compared to its average volume of 83,395. North American Construction Group has a one year low of C$8.92 and a one year high of C$18.36. The firm has a 50-day moving average of C$13.78.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Tuesday, April 30th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.47 by C$0.05. The firm had revenue of C$186.41 million during the quarter, compared to the consensus estimate of C$212.60 million. Analysts forecast that North American Construction Group will post 1.4200001 earnings per share for the current year.

North American Construction Group Company Profile

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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