Stock Rating Downgrade
In recent days the Value Trend Rating for North American Construction Grou (NYSE: NOA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
North American Construction Grou (NYSE: NOA) stock declined modestly by -1.3% on 8/9/24. The stock closed at $17.27. Moreover, trading volume in this decline was unusually high at 155% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.9% 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 poor Power Rating of 24, with the High Neutral Value Trend Rating the result.
Be the first to comment