North American Construction Group Ltd. (NYSE:NOA) Receives Average Recommendation of “Hold” from Brokerages

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.50.

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $24.00 target price on shares of North American Construction Group in a research note on Friday, December 19th. ATB Capital reiterated a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. 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. Zacks Research lowered North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen raised North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th.

Institutional Investors Weigh In On North American Construction Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aegis Financial Corp bought a new position in shares of North American Construction Group during the third quarter valued at approximately $11,965,000. Bastion Asset Management Inc. purchased a new stake in shares of North American Construction Group in the 4th quarter worth approximately $8,475,000. Bank of Montreal Can increased its position in North American Construction Group by 20.5% during the 3rd quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock valued at $38,409,000 after buying an additional 459,755 shares in the last quarter. CIBC Asset Management Inc increased its position in North American Construction Group by 50.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,179,482 shares of the oil and gas company’s stock valued at $16,763,000 after buying an additional 393,679 shares in the last quarter. Finally, NewGen Asset Management Ltd purchased a new position in North American Construction Group during the third quarter valued at $4,719,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 0.1%

NOA traded down $0.02 during midday trading on Thursday, reaching $15.94. 5,396 shares of the company’s stock traded hands, compared to its average volume of 110,625. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $19.17. 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 firm has a fifty day moving average of $14.74 and a two-hundred day moving average of $14.39. The stock has a market capitalization of $458.13 million, a price-to-earnings ratio of 16.94 and a beta of 1.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $280.90 million for the quarter, compared to analysts’ expectations of $231.58 million. On average, equities analysts anticipate that North American Construction Group will post 2.56 earnings per share for the current fiscal year.

About North American Construction Group

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.