The Goldman Sachs Group Forecasts Strong Price Appreciation for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its price objective upped by investment analysts at The Goldman Sachs Group from $89.00 to $106.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 5.35% from the company’s previous close.

Separately, Jefferies Financial Group boosted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $100.62 on Friday. The company has a 50 day simple moving average of $84.26 and a two-hundred day simple moving average of $76.64. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $59.08 and a fifty-two week high of $101.85. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 17.75 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $174.65 million during the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. Analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently added to or reduced their stakes in OMAB. Barclays PLC bought a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth $72,000. SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $116,000. Fifth Third Bancorp bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $48,000. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 58.9% during the fourth quarter. Blue Trust Inc. now owns 4,442 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 1,647 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 14.7% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 20,070 shares of the transportation company’s stock valued at $1,378,000 after purchasing an additional 2,570 shares in the last quarter. 9.53% of the stock is owned by institutional investors.

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.