Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Given New $99.00 Price Target at Jefferies Financial Group

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

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 target price on the stock. in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Trading Down 0.9 %

Grupo Aeroportuario del Centro Norte stock opened at $79.97 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 14.10 and a beta of 1.28. Grupo Aeroportuario del Centro Norte has a one year low of $59.08 and a one year high of $90.53. The company’s fifty day moving average price is $74.55 and its two-hundred day moving average price is $69.23.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently made changes to their positions in OMAB. Creative Planning grew its position in shares of Grupo Aeroportuario del Centro Norte by 10.5% in the second quarter. Creative Planning now owns 4,444 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 423 shares during the last quarter. Hunter Perkins Capital Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 16.8% in the third quarter. Hunter Perkins Capital Management LLC now owns 17,500 shares of the transportation company’s stock valued at $1,187,000 after purchasing an additional 2,515 shares during the last quarter. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 147.1% in the third quarter. Blue Trust Inc. now owns 2,795 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 1,664 shares during the last quarter. Signaturefd LLC grew its position in shares of 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 purchasing an additional 260 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after purchasing 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.