Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Price Target Raised to $99.00

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its price objective increased by Jefferies Financial Group from $94.00 to $99.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

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

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $80.65 on Wednesday. The company has a market capitalization of $3.43 billion, a P/E ratio of 14.22 and a beta of 1.28. The company has a 50-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. Grupo Aeroportuario del Centro Norte has a 1-year low of $59.08 and a 1-year high of $90.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OMAB. Geode Capital Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company’s stock worth $353,000 after purchasing an additional 126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in 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 buying an additional 200 shares during the period. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 109.2% in the third quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock valued at $34,000 after buying an additional 260 shares during the last quarter. Venturi Wealth Management LLC boosted 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 valued at $39,000 after acquiring 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 acquiring an additional 299 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

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.