Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 52-Week High at $72.42

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB – Get Rating) hit a new 52-week high on Friday . The company traded as high as $72.42 and last traded at $72.42, with a volume of 1124 shares. The stock had previously closed at $70.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OMAB shares. The Goldman Sachs Group boosted their price target on shares of Grupo Aeroportuario del Centro Norte from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, November 1st. StockNews.com started coverage on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup downgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “sell” rating and set a $58.00 price target for the company. in a research note on Wednesday, December 14th. UBS Group downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. Finally, JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Centro Norte from an “overweight” rating to a “neutral” rating in a research note on Monday, November 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

Grupo Aeroportuario del Centro Norte Stock Performance

The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 5.89 and a beta of 1.28. The stock’s fifty day moving average is $66.99 and its 200-day moving average is $58.54. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Rating) last issued its quarterly earnings data on Friday, October 28th. The transportation company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $155.51 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.53% and a return on equity of 46.33%. On average, analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 3.63 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Capital Management LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 7.2% in the third quarter. Advisors Capital Management LLC now owns 23,818 shares of the transportation company’s stock valued at $1,616,000 after buying an additional 1,598 shares during the period. Jane Street Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $628,000. Uniplan Investment Counsel Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.9% in the third quarter. Uniplan Investment Counsel Inc. now owns 46,268 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 1,290 shares during the period. BlackRock Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.4% in the third quarter. BlackRock Inc. now owns 643,858 shares of the transportation company’s stock valued at $32,283,000 after buying an additional 38,731 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 62.7% in the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock valued at $27,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 9.38% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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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.