North American Construction Group (NYSE:NOA) Stock Rating Upgraded by Roth Mkm

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by Roth Mkm to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also issued reports on NOA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Loop Capital set a $24.00 target price on North American Construction Group in a research report on Friday, December 19th. Wall Street Zen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Finally, ATB Capital restated a “sector perform” rating on shares of North American Construction Group in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.50.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at $15.34 on Thursday. The company has a market capitalization of $441.08 million, a PE ratio of 16.32 and a beta of 1.15. The company has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $14.39. North American Construction Group has a one year low of $12.12 and a one year high of $19.33. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $231.58 million. North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%. Research analysts expect that North American Construction Group will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in North American Construction Group in the second quarter valued at approximately $122,000. Highlander Partners L.P. purchased a new position in North American Construction Group during the 4th quarter worth approximately $132,000. Qube Research & Technologies Ltd acquired a new stake in North American Construction Group during the 3rd quarter valued at approximately $153,000. Quadrature Capital Ltd purchased a new stake in shares of North American Construction Group in the 2nd quarter valued at $182,000. Finally, Lazard Asset Management LLC increased its stake in shares of North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 11,635 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.