North American Construction Group (TSE:NOA) Price Target Lowered to C$24.00 at Raymond James Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target decreased by Raymond James Financial from C$26.00 to C$24.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other analysts have also issued reports on NOA. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$26.00 to C$23.00 in a report on Thursday. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective on the stock in a research note on Friday. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. ATB Cormark Capital Markets upgraded North American Construction Group from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from C$23.00 to C$21.00 in a research note on Friday. Finally, Canadian Imperial Bank of Commerce reduced their target price on 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 given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, North American Construction Group has a consensus rating of “Moderate Buy” and an average price target of C$24.63.

North American Construction Group Trading Up 6.6%

Shares of NOA stock opened at C$17.59 on Friday. The stock has a market cap of C$511.43 million, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. North American Construction Group has a 1 year low of C$16.45 and a 1 year high of C$25.05. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 201.83. The stock has a 50 day simple moving average of C$21.52 and a 200 day simple moving average of C$20.24.

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

Trending Headlines about 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

About North American Construction Group

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.