North American Construction Group: Attractive Valuation and Growth Opportunities

Analyst John Gibson CFA of BMO Capital maintains a Buy rating on North American Construction Group with a price target of C$27.00. Despite softer Q2/25 results and reduced guidance due to cost challenges, the valuation remains attractive and the company's operations in Australia continue to show strength. The heavy equipment revenue in North America and Australia has shown significant year-over-year growth, and the record backlog and recent contract extensions in Australia suggest potential upside in future performance.

Analysts have maintained a positive outlook on North American Construction Group (NOA), with a consensus rating of "Moderate Buy" based on 6 analysts' recent ratings [2]. This positive sentiment is reflected in the 12-month price target of C$31.00, which represents a projected 36.87% increase from the current price of C$22.65 [2].

Among the analysts, BMO Capital's John Gibson CFA maintains a "Buy" rating with a price target of C$27.00 [2]. Despite the company's softer Q2/25 results and reduced guidance due to cost challenges, the valuation remains attractive. The company's operations in Australia continue to show strength, with significant year-over-year growth in heavy equipment revenue in both North America and Australia. The record backlog and recent contract extensions in Australia suggest potential upside in future performance.

Other analysts such as National Bank and CIBC also maintain a "Buy" rating with price targets of C$40.00 and C$37.00, respectively [2]. However, Canaccord Genuity downgraded the stock to "Hold" from "Buy" due to cost challenges [2].

The overall consensus among analysts is that North American Construction Group offers a compelling investment opportunity, with a moderate upside potential. Investors should closely monitor the company's financial performance and any further analyst upgrades or downgrades.

References:
[1] https://www.marketbeat.com/stocks/TSE/ACQ/forecast/
[2] https://www.tipranks.com/stocks/tse:noa/forecast