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 increased by Jefferies Financial Group from $94.00 to $99.00 in a research report released on Wednesday,Benzinga reports. The brokerage 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 objective on the stock. in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of “Hold” and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB opened at $80.69 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 50-day moving average of $74.35 and a 200-day moving average of $69.16. The company has a market capitalization of $3.43 billion, a price-to-earnings 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.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently made changes to their positions in OMAB. Fisher Funds Management LTD purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $33,617,000. State Street Corp increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after purchasing an additional 19,683 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after purchasing an additional 40,878 shares during the last quarter. abrdn plc lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1.4% during the fourth quarter. abrdn plc now owns 170,233 shares of the transportation company’s stock valued at $11,723,000 after purchasing an additional 2,279 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Grupo Aeroportuario del Centro Norte by 130,579.6% during the third quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock valued at $8,242,000 after buying an additional 121,439 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

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.