North American Construction Group Ltd. (NYSE:NOA) Receives $24.50 Average PT from Analysts

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.50.

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

Institutional Trading of North American Construction Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of North American Construction Group during the 1st quarter worth $476,000. Campbell & CO Investment Adviser LLC grew its position in shares of North American Construction Group by 50.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 33,026 shares of the oil and gas company’s stock valued at $528,000 after purchasing an additional 11,064 shares during the period. Geode Capital Management LLC grew its position in shares of North American Construction Group by 51.4% in the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 7,300 shares during the period. TD Waterhouse Canada Inc. increased its stake in North American Construction Group by 106,111.8% in the second quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock valued at $4,463,000 after purchasing an additional 278,013 shares during the last quarter. Finally, Swiss National Bank lifted its position in North American Construction Group by 8.9% during the second quarter. Swiss National Bank now owns 51,300 shares of the oil and gas company’s stock worth $818,000 after buying an additional 4,200 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Trading Up 0.4%

Shares of North American Construction Group stock opened at $16.79 on Monday. North American Construction Group has a 1 year low of $12.12 and a 1 year high of $18.24. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. The business has a 50 day moving average price of $15.78 and a 200 day moving average price of $14.66. The company has a market capitalization of $482.83 million, a P/E ratio of 17.87 and a beta of 1.09.

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.