Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its target price boosted by Jefferies Financial Group from $94.00 to $99.00 in a research note issued to investors on Wednesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

Separately, Bank of America downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target on the stock. in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and an average target price of $82.50.

Grupo Aeroportuario del Centro Norte Trading Up 0.9 %

NASDAQ:OMAB opened at $80.65 on Wednesday. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $90.53. The business has a fifty day moving average of $74.71 and a 200-day moving average of $69.33. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 14.22 and a beta of 1.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMAB. Itau Unibanco Holding S.A. acquired a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $462,000. Parvin Asset Management LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $850,000. AQR Capital Management LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $6,660,000. Northern Trust Corp grew its position in Grupo Aeroportuario del Centro Norte by 643.4% in the fourth quarter. Northern Trust Corp now owns 29,893 shares of the transportation company’s stock worth $2,052,000 after buying an additional 25,872 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $1,850,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.