Meaningful negative changes in fundamentals have recently occurred for North American Construction Grou (NYSE: NOA): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
North American Construction Grou (NYSE: NOA) has recently experienced meaningful negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 89 but a slightly negative Power Rating of 30, producing the High Neutral Value Trend Rating.
Recent Price Action
On 6/11/24, North American Construction Grou (NYSE: NOA) stock declined slightly by -0.9%, closing at $20.86. However, trading volume in this decline was below average at 82% of normal. The stock has risen 2.7% during the last week but has been weak relative to the market over the last nine months.
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