North American Construction Group (TSE:NOA) Rating Increased to Outperform at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a sector perform rating to an outperform rating in a research note released on Friday morning,BayStreet.CA reports. They currently have C$21.00 target price on the stock, down from their previous target price of C$23.00.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price for the company in a report on Friday. National Bank Financial set a C$28.00 price target on North American Construction Group and gave the company an “outperform” rating in a report on Monday, December 22nd. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. Canadian Imperial Bank of Commerce decreased their price objective on North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. Finally, TD Securities dropped their target price on North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$24.63.

North American Construction Group Stock Up 6.6%

North American Construction Group stock opened at C$17.59 on Friday. The company has a 50 day moving average of C$21.52 and a 200-day moving average of C$20.24. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 201.83. North American Construction Group has a twelve month low of C$16.45 and a twelve month high of C$25.05. The stock has a market capitalization 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.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) 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%. On average, equities research analysts anticipate that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group News Roundup

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

About North American Construction Group

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.