Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for North American Construction Grou (NYSE: NOA) weakened recently. NOA’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 10/25/24, North American Construction Grou (NYSE: NOA) stock rose modestly by 0.8%, closing at $17.42. However, this advance was accompanied by below average trading volume at 77% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.0% during the last week.
Current PriceTarget Research Rating
NOA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
North American Construction Grou has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. North American Construction Grou has a very high Appreciation Score of 92 but a slightly negative Power Rating of 34, and the High Neutral Value Trend Rating results.
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