North American Construction Group (NYSE:NOA) Cut to Hold at TD Securities

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was downgraded by analysts at TD Securities from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

• Will Fed Rate-Hike Pause Lead To Small-Cap Outperformance?

A number of other equities research analysts also recently weighed in on NOA. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Raymond James Financial downgraded shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, Canaccord Genuity Group downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating in a research note on Friday, July 11th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

View Our Latest Analysis on North American Construction Group

North American Construction Group Trading Up 1.7%

• North American Construction Group Is A Real Asset In Times Like These

Shares of NYSE NOA opened at $16.76 on Thursday. North American Construction Group has a 1-year low of $13.19 and a 1-year high of $22.08. The company has a market cap of $505.77 million, a PE ratio of 16.59 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.74 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $16.33 and a two-hundred day moving average of $16.60.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last posted its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.42). The business had revenue of $235.51 million for the quarter, compared to the consensus estimate of $231.51 million. North American Construction Group had a return on equity of 23.70% and a net margin of 3.24%. As a group, equities analysts expect that North American Construction Group will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On North American Construction Group

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in North American Construction Group by 16.7% in the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company's stock valued at $165,000 after purchasing an additional 1,474 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after buying an additional 5,884 shares during the period. Quadrature Capital Ltd acquired a new position in shares of North American Construction Group in the second quarter valued at approximately $182,000. Tranquility Partners LLC boosted its holdings in shares of North American Construction Group by 4.4% in the first quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after buying an additional 658 shares during the period. Finally, Timelo Investment Management Inc. acquired a new position in shares of North American Construction Group in the second quarter valued at approximately $247,000. Institutional investors own 74.99% 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.

See Also

• Five stocks we like better than North American Construction Group
• Best ESG Stocks: 11 Best Stocks for ESG Investing
• Data Centers Create a Bull Case for These Nuclear 3 Stocks
• Utilities Stocks Explained – How and Why to Invest in Utilities
• Tesla’s Pennant Just Snapped: Here’s What It Means for the Stock
• What Makes a Stock a Good Dividend Stock?
• 3 Companies That Will Profit From Trump's Semiconductor Tariffs

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in North American Construction Group Right Now?

Before you consider North American Construction Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and North American Construction Group wasn't on the list.

While North American Construction Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here