North American Construction Group (TSE:NOA) Stock Rating Upgraded by ATB Cormark Capital Markets

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by investment analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research report issued on Friday, MarketBeat reports. The brokerage presently has a C$21.00 target price on the stock, down from their prior target price of C$23.00. ATB Cormark Capital Markets’ price target points to a potential upside of 19.39% from the company’s previous close.

NOA has been the topic of several other research reports. TD Securities dropped their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. BMO Capital Markets cut North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$26.00 to C$23.00 in a report on Thursday. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. National Bank Financial set a C$28.00 price objective on North American Construction Group and gave the stock an “outperform” rating in a report on Monday, December 22nd. Finally, Canadian Imperial Bank of Commerce cut their price objective on North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.63.

North American Construction Group Stock Up 6.6%

Shares of TSE:NOA opened at C$17.59 on Friday. North American Construction Group has a fifty-two week low of C$16.45 and a fifty-two week high of C$25.05. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 201.83. The firm’s 50-day simple moving average is C$21.52 and its 200-day simple moving average is C$20.26. The company has a market cap of C$511.43 million, a price-to-earnings ratio of 13.85, a PEG ratio of 0.79 and a beta of 0.70.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$305.58 million for the quarter. North American Construction Group had a return on equity of 7.88% and a net margin of 2.63%. As a group, equities research analysts predict that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group News Roundup

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

• Positive Sentiment: Multiple broker upgrades: Raymond James maintained an “outperform” rating (PT trimmed C$26 → C$24), ATB Cormark upgraded NOA to “outperform” (PT C$21), and Canaccord raised the stock from “hold” to “buy” (PT C$20). These upgrades increase buy-side visibility and likely supported the rally. Analyst Ratings Roundup
• Positive Sentiment: Corporate update: North American Construction filed its 2025 annual report and signaled a “2026 growth pivot” — a forward-looking message that can boost investor confidence in recovery/earnings traction next year. Annual Report / Growth Pivot
• Neutral Sentiment: ESG disclosure: The company filed a 2025 Supply Chains Anti‑Slavery Report — improves governance/transparency but is unlikely to move near-term fundamentals. Anti‑Slavery Report
• Negative Sentiment: Quarterly results were mixed: NOA reported a loss per share (C($0.14)) on C$305.6M revenue; net margin ~3% and ROE ~9.3%. The EPS shortfall is a near-term negative that could cap upside until profitability normalizes. Quarterly Results
• Negative Sentiment: Broker downgrade: BMO cut NOA from “outperform” to “market perform” and lowered its PT to C$23, which is a counterweight to the upgrades and may limit upside for more conservative investors. BMO Coverage Change

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.