North American Construction Group (NYSE:NOA) Stock Rating Upgraded by Raymond James

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was upgraded by research analysts at Raymond James from a "moderate buy" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on NOA. CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, December 5th. Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, North American Construction Group currently has an average rating of "Buy".

North American Construction Group Stock Up 0.3 %

Shares of NYSE NOA traded up $0.07 on Tuesday, hitting $20.94. The company had a trading volume of 82,480 shares, compared to its average volume of 58,768. The firm has a market capitalization of $581.66 million, a P/E ratio of 14.54 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. North American Construction Group has a 12-month low of $16.46 and a 12-month high of $25.92. The business has a 50 day moving average of $20.66 and a two-hundred day moving average of $19.46.

Hedge Funds Weigh In On North American Construction Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in North American Construction Group during the third quarter valued at approximately $185,000. Geode Capital Management LLC increased its holdings in shares of North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock valued at $264,000 after acquiring an additional 1,838 shares during the last quarter. PDT Partners LLC raised its position in shares of North American Construction Group by 45.6% during the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company's stock valued at $321,000 after acquiring an additional 5,371 shares in the last quarter. Barclays PLC lifted its stake in North American Construction Group by 48.1% during the third quarter. Barclays PLC now owns 20,867 shares of the oil and gas company's stock worth $390,000 after purchasing an additional 6,774 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in North American Construction Group by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company's stock worth $1,110,000 after purchasing an additional 1,049 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.