North American Construction Group (TSE:NOA) Stock Rating Lowered by Atb Cap Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) was downgraded by equities researchers at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. ATB Capital decreased their price target on shares of North American Construction Group from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a report on Friday, June 27th. Canaccord Genuity Group lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from C$33.00 to C$24.50 in a report on Friday, July 11th. BMO Capital Markets reduced their target price on shares of North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. CIBC reduced their target price on shares of North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. Finally, TD Securities lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from C$25.00 to C$21.00 in a report on Thursday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, North American Construction Group currently has an average rating of “Moderate Buy” and a consensus price target of C$32.06.

North American Construction Group Stock Down 4.4%

Shares of NOA opened at C$17.01 on Thursday. The firm has a market cap of C$455.31 million, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company’s fifty day moving average is C$22.11 and its two-hundred day moving average is C$23.06. North American Construction Group has a fifty-two week low of C$16.95 and a fifty-two week high of C$31.67. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron sold 10,000 shares of North American Construction Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. 8.93% of the stock is owned by company insiders.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.