Buy, Sell or Hold: North American Construction Group (NOA-T)

TSE:NOA

14.13

0.51 (3.48%) 1d

Showing 1 to 11 of 11 entries

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PAST TOP PICK

(A Top Pick Feb 17/22, Down 7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NOA has triggered its stop at $18.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with the previous buy recommendation.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly Reporting Q4 net income up 53% over the year, we again reiterate NOA as a TOP PICK. Support work at the Fort Hills and Kearl mines is doing well along with benefits from the recent Australian component supplier acquisition. It trades at 14x earnings compared to peers at 17x. We like how cash flow is increasing while they pay down debt. It trades just over 2x book and pays a small dividend backed by a payout ratio under 15% of cash flow. Management announced the dividend will double to $0.32 per annum. We recommend trailing the stop up (from $15.00) to $18.50, looking to achieve $25.50 -- upside potential over 24%. Yield 0.84% (Analysts’ price target is $25.13)

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TOP PICK

Stockchase Research Editor: Michael O'Reilly With infrastructure spending and inflation a focus of the market, we once again reiterate NOA as a TOP PICK. Recently reported earnings and revenue beat analyst expectations by 5% each. It trades at 12x earnings compared to peers at 16x. With good growth prospects, the PEG ratio is under 1.0 and it trades just over 2x book. It pays a small dividend backed by a payout ratio under 15% of cash flow. We continue to recommend a stop loss at $15, looking to achieve $25.50 -- upside potential over 30%. Yield 0.83% (Analysts’ price target is $25.57)

TOP PICK

The energy infrastructure side looks interesting. They have diversified over the last few years to mining and metals. Compared to others, they are four times operating cash flow and a good backlog. He thinks it has some growth. (Analysts’ price target is $24.43)

PAST TOP PICK

(A Top Pick Aug 12/20, Up 79%) It benefits from the Oil Sands activity. The balance sheet is stressed. This works well in a deep-value recovery, but not so well in a tougher environment. He wouldn't buy it now.

BUY

He likes it and has been adding to it recently. These guys have diversified and done very well. Their profit margins are rising. It's a good company. He likes it.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly We are reiterating our TOP PICK recommendation with NOA, looking to achieve $28 (upside potential of 30%) and maintaining the stop loss at $15. Infrastructure projects are a good inflation hedge and this trades at good value -- 12x earnings vs peers at 30x. It pays a small dividend, backed by a payout ratio under 15% of cash flow. Yield 0.87% (Analysts’ price target is $24.25)

BUY

Global infrastructure spending will help a lot of the engineering firms. This is another good engineering play, mainly out west.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly NOA provides mining and heavy equipment construction services to the North American resource sector. They are involved in a $2.7 billion partnership to a North Dakota flood mitigation project. The 29 year service contract provides recurring revenues. Infrastructure is a good inflation hedge and this fits well. It trades at 12x earnings compared to peers at 22x. It pays a small dividend backed by a payout ratio of under 10% of cash flow. We would buy this with a stop loss at $15, looking to achieve $28 -- upside potential over 30%. Yield 0.36% (Analysts’ price target is $27.86)

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Q4 revenues were 6% better than estimates. EPS was short by 23% at $0.20. Sales are set to grow at a nice rate but debt is quite high at 2x cash flow. Remains cheap at 8x earnings. They will be buying back stocks. It could grow its valuation to 10 to 11x. Unlock Premium - Try 5i Free

TOP PICK

Just starting to pick up price momentum. Construction firm of choice for oil sands. Scores well on valuation. ROE of 30%. As energy improves, this should as well. Yield is 1.71%. (Analysts’ price target is $13.83)

Showing 1 to 11 of 11 entries

North American Construction Group(NOA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for North American Construction Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

North American Construction Group(NOA-T) Frequently Asked Questions

What is North American Construction Group stock symbol?

North American Construction Group is a Canadian stock, trading under the symbol NOA-T on the Toronto Stock Exchange (NOA-CT). It is usually referred to as TSX:NOA or NOA-T

Is North American Construction Group a buy or a sell?

In the last year, 4 stock analysts published opinions about NOA-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for North American Construction Group.

Is North American Construction Group a good investment or a top pick?

North American Construction Group was recommended as a Top Pick by on . Read the latest stock experts ratings for North American Construction Group.

Why is North American Construction Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is North American Construction Group worth watching?

4 stock analysts on Stockchase covered North American Construction Group In the last year. It is a trending stock that is worth watching.

What is North American Construction Group stock price?

On 2022-06-30, North American Construction Group (NOA-T) stock closed at a price of $14.13.

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