Analysts Set North American Construction Group Ltd. (NYSE:NOA) PT at $24.50

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.50.

Several research analysts have recently commented on the company. Roth Mkm started coverage on North American Construction Group in a research report on Thursday, February 5th. They issued a “buy” rating and a $25.00 target price for the company. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a report on Friday, December 19th. Wall Street Zen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. ATB Cormark Capital Markets restated a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Finally, Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. boosted its stake in North American Construction Group by 0.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 279,428 shares of the oil and gas company’s stock valued at $4,074,000 after purchasing an additional 1,153 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of North American Construction Group by 3.5% in the fourth quarter. TD Asset Management Inc now owns 34,555 shares of the oil and gas company’s stock valued at $498,000 after buying an additional 1,178 shares during the period. SkyView Investment Advisors LLC boosted its stake in North American Construction Group by 3.0% during the second quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock valued at $1,139,000 after buying an additional 2,040 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in North American Construction Group by 16.3% during the third quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock worth $237,000 after acquiring an additional 2,339 shares during the period. Finally, Swiss National Bank raised its position in North American Construction Group by 8.9% in the second quarter. Swiss National Bank now owns 51,300 shares of the oil and gas company’s stock worth $818,000 after acquiring an additional 4,200 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Price Performance

Shares of NYSE NOA opened at $16.21 on Thursday. The stock has a market cap of $466.04 million, a price-to-earnings ratio of 17.24 and a beta of 1.15. The company’s 50-day moving average price is $14.81 and its 200 day moving average price is $14.40. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.59. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $19.17.

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

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.