North American Construction Group Ltd. (NYSE:NOA) Given Consensus Recommendation of “Hold” by Brokerages

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.50.

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

North American Construction Group Trading Down 2.1%

North American Construction Group stock opened at $16.52 on Monday. 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 one year low of $12.12 and a one year high of $18.24. The stock has a market capitalization of $474.95 million, a PE ratio of 17.57 and a beta of 1.09. The business’s fifty day moving average is $15.64 and its 200 day moving average is $14.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $122,000. Highlander Partners L.P. bought a new stake in North American Construction Group during the fourth quarter valued at about $132,000. Qube Research & Technologies Ltd bought a new stake in North American Construction Group during the third quarter valued at about $153,000. Quadrature Capital Ltd purchased a new stake in North American Construction Group in the second quarter worth about $182,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of North American Construction Group during the 4th quarter valued at about $165,000. 74.99% of the stock is currently 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.