North American Construction Group (TSE:NOA) Stock Rating Upgraded by Canaccord Genuity Group

North American Construction Group (TSE:NOA) (NYSE:NOA) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a C$20.00 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 13.70% from the stock’s current price.

Several other research firms have also recently commented on NOA. TD Securities reduced their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research note on Friday, December 19th. Roth Mkm upgraded shares of 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 target on shares of North American Construction Group and gave the company an “outperform” rating in a report on Monday, December 22nd. BMO Capital Markets downgraded shares of North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$26.00 to C$23.00 in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of North American Construction Group from C$22.00 to C$20.00 in a 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.63.

North American Construction Group Trading Up 6.6%

Shares of NOA opened at C$17.59 on Friday. The company has a market capitalization of C$511.43 million, a P/E ratio of 13.85, a P/E/G ratio of 0.79 and a beta of 0.70. North American Construction Group has a one year low of C$16.45 and a one year high of C$25.05. The company has a debt-to-equity ratio of 201.83, a quick ratio of 0.79 and a current ratio of 0.88. The stock has a 50-day moving average price of C$21.52 and a 200 day moving average price of C$20.26.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. The business had revenue of C$305.58 million for the quarter. Sell-side analysts forecast that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

Key Headlines Impacting North American Construction Group

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.