North American Construction Group Ltd. (NYSE:NOA) Receives $24.50 Consensus Target Price from Brokerages

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

Several research analysts have issued reports on the stock. Wall Street Zen upgraded 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 reissued a “sector perform” rating on shares of North American Construction Group in a research note on Friday, December 19th. Roth Mkm initiated coverage on shares of North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price target on the stock. Loop Capital set a $24.00 price target on North American Construction Group in a report on Friday, December 19th. Finally, Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd.

Institutional Trading of North American Construction Group

Several large investors have recently modified their holdings of NOA. Vanguard Personalized Indexing Management LLC boosted its position in shares of North American Construction Group by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after purchasing an additional 4,390 shares in the last quarter. Bank of Montreal Can raised its stake in North American Construction Group by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock worth $35,941,000 after buying an additional 98,646 shares during the period. TD Waterhouse Canada Inc. raised its stake in North American Construction Group by 106,111.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock worth $4,463,000 after buying an additional 278,013 shares during the period. CIBC Asset Management Inc boosted its holdings in North American Construction Group by 50.1% in the third quarter. CIBC Asset Management Inc now owns 1,179,482 shares of the oil and gas company’s stock worth $16,763,000 after acquiring an additional 393,679 shares in the last quarter. Finally, Intact Investment Management Inc. grew its stake in North American Construction Group by 31.2% in the second quarter. Intact Investment Management Inc. now owns 233,600 shares of the oil and gas company’s stock valued at $3,737,000 after acquiring an additional 55,600 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Trading Up 2.3%

Shares of NOA stock opened at $16.21 on Thursday. North American Construction Group has a 1-year low of $12.12 and a 1-year high of $19.17. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.59. 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 stock has a 50-day moving average of $14.86 and a 200-day moving average of $14.40.

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.