North American Construction Group (TSE:NOA) Downgraded to "Outperform" Rating by Raymond James

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA was downgraded by stock analysts at Raymond James from a "strong-buy" rating to an "outperform" rating in a report released on Tuesday, MarketBeat Ratings reports. They currently have a C$40.00 target price on the stock. Raymond James' price target indicates a potential upside of 87.53% from the stock's previous close. Raymond James also issued estimates for North American Construction Group's Q1 2025 earnings at $0.57 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.59 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $1.48 EPS and Q4 2026 earnings at $1.17 EPS.

A number of other research analysts have also weighed in on the company. TD Securities decreased their target price on North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Ventum Financial lowered their price objective on shares of North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a research report on Friday, March 21st. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. National Bankshares cut their price objective on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, CIBC cut their target price on shares of North American Construction Group from C$38.00 to C$37.00 in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of "Buy" and an average price target of C$36.00.

North American Construction Group Trading Up 1.3 %

NOA traded up C$0.28 during trading on Tuesday, reaching C$21.33. 91,299 shares of the company's stock were exchanged, compared to its average volume of 88,949. The company's fifty day moving average price is C$22.85 and its 200-day moving average price is C$26.25. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market capitalization of C$570.94 million, a PE ratio of 10.03, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67.

Insider Buying and Selling

In other news, Director Martin Robert Ferron acquired 10,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$22.27 per share, for a total transaction of C$222,700.00. Over the last 90 days, insiders purchased 18,000 shares of company stock worth $408,772. Insiders own 8.93% of the company's stock.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.