Jefferies Financial Group Issues Positive Forecast for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Price

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) had its target price boosted by equities researchers at Jefferies Financial Group from $94.00 to $99.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's target price indicates a potential upside of 22.75% from the company's previous close.

Separately, Bank of America lowered 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 research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB traded up $0.68 on Wednesday, hitting $80.65. 93,884 shares of the company's stock were exchanged, compared to its average volume of 68,028. The firm has a market cap of $3.43 billion, a PE ratio of 14.22 and a beta of 1.28. Grupo Aeroportuario del Centro Norte has a twelve month low of $59.08 and a twelve month high of $90.53. The stock has a fifty day moving average of $74.71 and a two-hundred day moving average of $69.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently made changes to their positions in OMAB. Tower Research Capital LLC TRC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after purchasing an additional 394 shares during the period. US Bancorp DE increased its stake 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 period. Signaturefd LLC increased its stake 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 period. Venturi Wealth Management LLC increased its stake 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, Fifth Third Bancorp acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds 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.