Raymond James Forecasts Strong Price Appreciation for North American Construction Group (TSE:NOA) Stock

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price boosted by investment analysts at Raymond James from C$35.00 to C$40.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 36.05% from the stock’s previous close. Raymond James also issued estimates for North American Construction Group’s Q1 2025 earnings at $1.07 EPS.

Other analysts have also recently issued reports about the company. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday. ATB Capital decreased their price objective on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Canaccord Genuity Group increased their price target on North American Construction Group from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, National Bankshares increased their price target on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$37.63.

North American Construction Group Stock Down 0.5 %

Shares of NOA opened at C$29.40 on Friday. The stock has a market capitalization of C$785.86 million, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87. The business’s 50 day simple moving average is C$26.56 and its 200-day simple moving average is C$26.50. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 6,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$27.98 per share, with a total value of C$167,884.20. Insiders have acquired 11,900 shares of company stock valued at $320,617 in the last quarter. 8.93% of the stock is owned by insiders.

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.