National Bank Reaffirms Their Buy Rating on North American Construction Group (NOA)

In a report released today, Maxim Sytchev from National Bank maintained a Buy rating on North American Construction Group, with a price target of C$28.00. The company’s shares opened today at $12.80.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Sytchev is a 5-star analyst with an average return of 18.9% and a 68.25% success rate. Sytchev covers the Industrials sector, focusing on stocks such as Stantec, ATS Corporation, and AtkinsRealis.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for North American Construction Group with a $18.25 average price target, which is a 42.58% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$27.00 price target.

Based on North American Construction Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $340.83 million and a net profit of $6.16 million. In comparison, last year the company earned a revenue of $297.03 million and had a net profit of $11.37 million