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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has received a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.50.

Several analysts have weighed in on NOA shares. ATB Capital reaffirmed a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a research report on Friday, December 19th. Wall Street Zen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 24th. Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Roth Mkm assumed coverage on North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price objective on the stock.

North American Construction Group Trading Down 1.8%

Shares of North American Construction Group stock traded down $0.28 during trading on Thursday, hitting $15.67. The company’s stock had a trading volume of 25,171 shares, compared to its average volume of 111,228. The stock has a market cap of $450.46 million, a price-to-earnings ratio of 16.67 and a beta of 1.15. The stock has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $14.39. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $19.17.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $280.90 million during the quarter, compared to the consensus estimate of $231.58 million. North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. Equities research analysts anticipate that North American Construction Group will post 2.56 EPS for the current fiscal year.

Institutional Trading of North American Construction Group

A number of hedge funds have recently added to or reduced their stakes in NOA. Aegis Financial Corp acquired a new stake in North American Construction Group during the 3rd quarter worth approximately $11,965,000. Bastion Asset Management Inc. bought a new position in shares of North American Construction Group in the fourth quarter valued at approximately $8,475,000. Bank of Montreal Can raised its holdings in North American Construction Group by 20.5% during the third quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock worth $38,409,000 after purchasing an additional 459,755 shares in the last quarter. CIBC Asset Management Inc boosted its stake 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 purchasing an additional 393,679 shares in the last quarter. Finally, NewGen Asset Management Ltd acquired a new position in shares of North American Construction Group during the 3rd quarter valued at $4,719,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.