Grupo Aeroportuario del Centro Nort (OMAB) Given a $49.00 Price Target at Citigroup

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) has been assigned a $49.00 price objective by research analysts at Citigroup in a research note issued on Friday. The brokerage currently has a “hold” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 11.74% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, September 19th. ValuEngine upgraded Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Bank of America started coverage on Grupo Aeroportuario del Centro Nort in a report on Tuesday, August 28th. They issued a “buy” rating and a $58.00 price objective for the company. UBS Group started coverage on Grupo Aeroportuario del Centro Nort in a report on Monday, August 27th. They issued a “buy” rating for the company. Finally, BidaskClub upgraded Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.67.

OMAB traded up $0.39 during trading on Friday, reaching $43.85. The stock had a trading volume of 4,960 shares, compared to its average volume of 88,485. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 4.99 and a beta of 0.72. Grupo Aeroportuario del Centro Nort has a one year low of $37.45 and a one year high of $58.10.

Large investors have recently modified their holdings of the company. Highstreet Asset Management Inc. bought a new position in shares of Grupo Aeroportuario del Centro Nort during the second quarter valued at $940,000. Azimuth Capital Management LLC increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 6.0% during the second quarter. Azimuth Capital Management LLC now owns 98,960 shares of the transportation company’s stock valued at $4,122,000 after acquiring an additional 5,575 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 28,806.0% during the first quarter. Wells Fargo & Company MN now owns 57,523 shares of the transportation company’s stock valued at $2,267,000 after acquiring an additional 57,324 shares in the last quarter. Conning Inc. boosted its position in shares of Grupo Aeroportuario del Centro Nort by 34.9% during the third quarter. Conning Inc. now owns 32,109 shares of the transportation company’s stock valued at $1,829,000 after buying an additional 8,300 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Grupo Aeroportuario del Centro Nort by 5.4% during the second quarter. Russell Investments Group Ltd. now owns 74,637 shares of the transportation company’s stock valued at $3,109,000 after buying an additional 3,812 shares during the last quarter. Hedge funds and other institutional investors own 15.29% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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