In a report released yesterday, Yuri Lynk from Canaccord Genuity maintained a Buy rating on North American Construction Group (NOA), with a price target of C$21.00. The company’s shares closed last Thursday at $13.28, close to its 52-week high of $13.42.
According to TipRanks.com, Lynk is a 5-star analyst with an average return of 15.2% and a 60.2% success rate. Lynk covers the Industrial Goods sector, focusing on stocks such as Hardwoods Distribution, Badger Daylighting, and SNC-Lavalin Group.
North American Construction Group has an analyst consensus of Strong Buy, with a price target consensus of $14.75, a 24.6% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$19.00 price target.
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Based on North American Construction Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $137 million and net profit of $10.04 million. In comparison, last year the company earned revenue of $189 million and had a net profit of $8.24 million.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOA in relation to earlier this year.
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North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands. The company was founded in 1953 and is headquartered in Acheson, Canada.
