Stock Rating Upgrade
Of late the Value Trend Rating for North American Construction Grou (NYSE: NOA) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/18/24, North American Construction Grou (NYSE: NOA) stock declined slightly by -0.3%, closing at $16.87. Moreover, this decline was accompanied by unusually high trading volume at 168% of normal. Relative to the market the stock has been weak over the last nine months and has declined -10.2% 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 B (Positive). This VT Rating improved in recent days from C previously. 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 93 but a slightly negative Power Rating of 34, resulting in the Positive Value Trend Rating.
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