North American Construction Group (NYSE:NOA) Raised to Strong-Buy at Roth Mkm

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

Other research analysts have also issued research reports about the company. 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 report on Saturday, January 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. ATB Capital reiterated a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Finally, Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

North American Construction Group Stock Up 1.1%

NYSE NOA opened at $15.34 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $19.33. The firm has a market capitalization of $441.08 million, a price-to-earnings ratio of 16.32 and a beta of 1.15. The company has a fifty day moving average of $14.59 and a two-hundred day moving average of $14.39.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in North American Construction Group during the 2nd quarter valued at about $122,000. Highlander Partners L.P. bought a new position in shares of North American Construction Group during the fourth quarter valued at approximately $132,000. Qube Research & Technologies Ltd purchased a new position in North American Construction Group during the third quarter valued at approximately $153,000. Lazard Asset Management LLC raised its stake in 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 buying an additional 11,635 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in North American Construction Group during the second quarter worth $182,000. 74.99% of the stock is currently owned by 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.