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 price objective boosted by Jefferies Financial Group from $94.00 to $99.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

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

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB stock opened at $80.69 on Wednesday. The company has a market cap of $3.43 billion, a P/E ratio of 14.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $90.53. The stock’s fifty day moving average price is $74.35 and its 200-day moving average price is $69.16.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Grupo Aeroportuario del Centro Norte by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company’s stock worth $353,000 after acquiring an additional 126 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares in the last quarter. Signaturefd LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 109.2% during the 3rd quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 260 shares during the period. Venturi Wealth Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after buying an additional 279 shares during the period. Finally, US Bancorp DE grew its position 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 purchasing an additional 299 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

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.