On May 20, 2025, CIBC analyst Chris Thompson released a report on North American Construction Group (NOA, Financial), maintaining an "Outperformer" rating for the company. According to the latest analysis, the rating remains unchanged from its previous status.
However, there has been an adjustment to the price target for NOA. CIBC lowered the price target from CAD 37.00 to CAD 36.00. This represents a 2.70% decrease in the projected price target for the stock.
The adjustment reflects current market conditions and projections for North American Construction Group (NOA, Financial). Despite the lowered price target, the "Outperformer" rating suggests that the stock is still expected to perform better compared to its peers in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for North American Construction Group Ltd (NOA, Financial) is $25.88 with a high estimate of $31.52 and a low estimate of $19.34. The average target implies an upside of 50.71% from the current price of $17.17. More detailed estimate data can be found on the North American Construction Group Ltd (NOA) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, North American Construction Group Ltd's (NOA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for North American Construction Group Ltd (NOA, Financial) in one year is $27.69, suggesting a upside of 61.27% from the current price of $17.17. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the North American Construction Group Ltd (NOA) Summary page.
