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 target boosted by Jefferies Financial Group from $94.00 to $99.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 26.01% from the stock’s current price.

Separately, Bank of America downgraded 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 assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.50.

Grupo Aeroportuario del Centro Norte Stock Down 0.5 %

Grupo Aeroportuario del Centro Norte stock opened at $78.57 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte has a 1-year low of $59.08 and a 1-year high of $90.53. The company has a fifty day simple moving average of $74.08 and a 200 day simple moving average of $69.08. The company has a market cap of $3.34 billion, a P/E ratio of 13.89 and a beta of 1.28.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds have recently made changes to their positions in the business. Fisher Funds Management LTD bought a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $33,617,000. National Bank of Canada FI lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 130,579.6% during the 3rd quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock worth $8,242,000 after buying an additional 121,439 shares during the last quarter. ABS Direct Equity Fund LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 165.0% during the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after buying an additional 22,850 shares during the period. State Street Corp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.6% during the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after buying an additional 19,683 shares during the period. Finally, Walleye Capital LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $822,000. 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.