North American Construction Group (NYSE:NOA) Stock Rating Upgraded by Wall Street Zen

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also recently weighed in on NOA. Weiss Ratings restated a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a research note on Friday, December 19th. ATB Capital reaffirmed a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Finally, Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Eight analysts have rated the stock with a Hold rating, According to MarketBeat, North American Construction Group presently has an average rating of “Hold” and a consensus target price of $24.00.

North American Construction Group Trading Down 0.5%

Shares of North American Construction Group stock opened at $15.16 on Friday. North American Construction Group has a twelve month low of $12.12 and a twelve month high of $20.54. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average price of $14.36 and a 200-day moving average price of $14.43. The firm has a market cap of $439.68 million, a price-to-earnings ratio of 16.12 and a beta of 1.16.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. The firm had revenue of $280.90 million for the quarter, compared to the consensus estimate of $231.58 million. Equities research analysts anticipate that North American Construction Group will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group in the 2nd quarter valued at about $122,000. Public Employees Retirement System of Ohio increased its holdings in North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 1,474 shares during the period. Qube Research & Technologies Ltd purchased a new position in North American Construction Group during the third quarter valued at approximately $153,000. Quadrature Capital Ltd bought a new position in North American Construction Group in the second quarter worth approximately $182,000. Finally, Lazard Asset Management LLC lifted its holdings in North American Construction Group by 1,424.1% during the third 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 period. 74.99% of the stock is currently owned by institutional investors.

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.