Jefferies Financial Group Forecasts Strong Price Appreciation for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its target price hoisted by stock analysts at Jefferies Financial Group from $94.00 to $99.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 23.80% from the stock’s current price.

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

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $79.97 on Wednesday. The stock has a fifty day moving average of $74.55 and a 200-day moving average of $69.23. The firm has a market capitalization of $3.40 billion, a P/E ratio of 14.10 and a beta of 1.28. Grupo Aeroportuario del Centro Norte has a 12-month low of $59.08 and a 12-month high of $90.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently modified their holdings of OMAB. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 143.8% during the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock worth $34,000 after acquiring an additional 299 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 109.2% during the third quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock worth $34,000 after acquiring an additional 260 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after acquiring an additional 279 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $48,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.