North American Construction Group (TSE:NOA) Upgraded by Canaccord Genuity Group to Buy Rating

Canaccord Genuity Group upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a hold rating to a buy rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have C$20.00 price objective on the stock.

A number of other research firms also recently weighed in on NOA. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. BMO Capital Markets cut North American Construction Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$26.00 to C$23.00 in a report on Thursday. National Bank Financial set a C$28.00 price objective on North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. TD Securities decreased their price objective on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.63.

North American Construction Group Price Performance

Shares of North American Construction Group stock opened at C$17.59 on Friday. The company has a debt-to-equity ratio of 201.83, a current ratio of 0.88 and a quick ratio of 0.79. The company has a market cap of C$511.43 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The firm has a fifty day moving average price of C$21.52 and a two-hundred day moving average price of C$20.24. North American Construction Group has a fifty-two week low of C$16.45 and a fifty-two week high of C$25.05.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) earnings per share (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%. Analysts expect that North American Construction Group will post 4.0597484 EPS for the current year.

Key Stories Impacting 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

North American Construction Group Company Profile

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.