North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.
Several other brokerages have also issued reports on NOA. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. ATB Cormark Capital Markets lowered shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Finally, Roth Capital reaffirmed a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, North American Construction Group has a consensus rating of “Hold” and a consensus price target of $25.75.
Check Out Our Latest Stock Analysis on North American Construction Group
North American Construction Group Price Performance
North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. As a group, research analysts anticipate that North American Construction Group will post 1.6 earnings per share for the current year.
Institutional Trading of North American Construction Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Cannell Capital LLC acquired a new stake in shares of North American Construction Group in the 2nd quarter valued at approximately $10,423,090,000. Bank of America Corp DE acquired a new position in North American Construction Group during the second quarter valued at approximately $3,045,000. PDT Partners LLC bought a new stake in North American Construction Group in the second quarter valued at approximately $851,000. Cibc World Market Inc. bought a new stake in North American Construction Group in the second quarter valued at approximately $278,000. Finally, Sanctuary Advisors LLC acquired a new stake in North American Construction Group in the second quarter worth $673,000. 74.99% of the stock is owned by institutional investors.
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.
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