Canaccord Genuity Group Upgrades North American Construction Group (NYSE:NOA) to “Buy”

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by equities research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat reports.

Other analysts also recently issued research reports about the stock. ATB Cormark Capital Markets reaffirmed a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Zacks Research cut shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Roth Mkm started coverage on North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price objective on the stock. Loop Capital set a $24.00 price target on shares of North American Construction Group in a research note on Friday, December 19th. Finally, BMO Capital Markets lowered shares of North American Construction Group from an “outperform” rating to a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.50.

North American Construction Group Price Performance

NYSE:NOA opened at $12.80 on Friday. North American Construction Group has a one year low of $12.07 and a one year high of $18.24. The company has a market cap of $367.97 million, a P/E ratio of 16.00 and a beta of 1.09. The firm’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $14.65. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73.

Institutional Trading of North American Construction Group

Several large investors have recently modified their holdings of NOA. Bank of Montreal Can raised its stake in North American Construction Group by 3.1% in the fourth quarter. Bank of Montreal Can now owns 2,789,384 shares of the oil and gas company’s stock valued at $40,158,000 after purchasing an additional 84,992 shares in the last quarter. Claret Asset Management Corp grew its stake in North American Construction Group by 0.7% during the second quarter. Claret Asset Management Corp now owns 2,064,325 shares of the oil and gas company’s stock worth $33,026,000 after buying an additional 14,686 shares in the last quarter. CIBC Asset Management Inc increased its holdings in North American Construction Group by 22.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after buying an additional 262,673 shares during the period. Aegis Financial Corp increased its holdings in North American Construction Group by 23.3% in the 4th quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock valued at $14,967,000 after buying an additional 196,243 shares during the period. Finally, Bastion Asset Management Inc. acquired a new position in shares of North American Construction Group in the 4th quarter valued at approximately $8,475,000. 74.99% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about North American Construction Group

Here are the key news stories impacting North American Construction Group this week:

• Positive Sentiment: Canaccord Genuity upgraded NOA from “hold” to “buy,” which likely attracted buyer interest and supported the stock’s upward move.
• Positive Sentiment: Company reported record Q4 revenue (C$250.5M) and strong operational momentum, including C$57M free cash flow for the quarter — a fundamental tailwind for investor confidence. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Management raised FY‑2026 revenue guidance to roughly C$1.1B–C$1.2B (well above consensus ~C$914.6M), signaling stronger topline expectations that can boost multiple expansion. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Board declared a quarterly dividend of $0.12/share (annualized yield ~2.9%), which can attract income-oriented investors and support the share price.
• Negative Sentiment: Q4 EPS missed estimates — the company reported a loss (reported EPS around negative levels vs. consensus positive) and year‑over‑year earnings deterioration, which is a near-term headwind for sentiment. North American Construction (NOA) Reports Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: BMO Capital Markets downgraded NOA from “outperform” to “market perform,” which can temper analyst-driven buying and increase short-term pressure. Finviz – NOA quote / analyst notes
• Negative Sentiment: Law firm Johnson Fistel announced an investigation into potential securities claims related to NOA’s executives, introducing litigation risk and uncertainty that could weigh on the stock. North American Construction Group Shareholders Are Encouraged to Reach Out to Johnson Fistel

About North American Construction Group

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.