North American Construction Group (NYSE:NOA) Coverage Initiated at Roth Mkm

Equities research analysts at Roth Mkm assumed coverage on shares of North American Construction Group (NYSE:NOA) (TSE:NOA) in a research note issued to investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $25.00 price target on the oil and gas company’s stock. Roth Mkm’s price target indicates a potential upside of 55.76% from the stock’s previous close.

NOA has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Loop Capital set a $24.00 target price on North American Construction Group in a report on Friday, December 19th. Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. ATB Capital reissued a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Finally, Wall Street Zen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Hold” and an average price target of $24.50.

North American Construction Group Price Performance

North American Construction Group stock opened at $16.05 on Thursday. The company’s 50 day simple moving average is $14.63 and its 200-day simple moving average is $14.39. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91. North American Construction Group has a 1 year low of $12.12 and a 1 year high of $19.33. The company has a market capitalization of $461.44 million, a price-to-earnings ratio of 17.07 and a beta of 1.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $280.90 million for the quarter, compared to analysts’ expectations of $231.58 million. North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%. As a group, equities research analysts expect that North American Construction Group will post 2.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NOA. Raymond James Financial Inc. acquired a new position in North American Construction Group in the second quarter valued at $122,000. Highlander Partners L.P. purchased a new stake in shares of North American Construction Group in the 4th quarter valued at about $132,000. Qube Research & Technologies Ltd acquired a new stake in shares of North American Construction Group in the 3rd quarter valued at about $153,000. Quadrature Capital Ltd purchased a new position in North American Construction Group during the 2nd quarter worth approximately $182,000. Finally, Lazard Asset Management LLC grew its stake in North American Construction Group by 1,424.1% during the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after buying an additional 11,635 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.