Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Share Price Crosses Above 200 Day Moving Average of $72.92

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $72.92 and traded as high as $75.96. Grupo Aeroportuario del Centro Norte shares last traded at $75.30, with a volume of 26,246 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price target on shares of Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Grupo Aeroportuario del Centro Norte Stock Performance

The company has a market cap of $3.24 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 4.66 and a beta of 1.40. The company has a current ratio of 2.02, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $74.06 and its 200 day simple moving average is $72.92.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. The company had revenue of $211.59 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.70% and a return on equity of 59.61%. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.52 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently bought and sold shares of OMAB. Royal Bank of Canada increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 62.7% during the 3rd quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock worth $27,000 after buying an additional 205 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 726.8% during the 4th quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock worth $29,000 after buying an additional 298 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 900.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 470 shares of the transportation company’s stock worth $40,000 after buying an additional 423 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 225.5% during the 4th quarter. Citigroup Inc. now owns 651 shares of the transportation company’s stock worth $40,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.