Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Price Up 5.2%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) shot up 5.2% on Thursday . The stock traded as high as $85.31 and last traded at $85.31. 27,519 shares were traded during mid-day trading, a decline of 49% from the average session volume of 54,300 shares. The stock had previously closed at $81.06.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Centro Norte Price Performance

The company has a quick ratio of 1.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.10. The firm has a market cap of $3.67 billion, a P/E ratio of 14.28, a PEG ratio of 4.77 and a beta of 1.40. The business has a fifty day moving average of $74.66 and a 200 day moving average of $73.00.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. Grupo Aeroportuario del Centro Norte had a return on equity of 59.61% and a net margin of 34.70%. The business had revenue of $211.59 million during the quarter. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently bought and sold shares of OMAB. Parallel Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 726.8% during the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock worth $29,000 after acquiring an additional 298 shares during the period. Mather Group LLC. bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 900.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 470 shares of the transportation company’s stock worth $40,000 after acquiring an additional 423 shares during the period. Blue Trust Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 5,860.0% during the fourth quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock worth $52,000 after acquiring an additional 586 shares during the period. Finally, AJOVista LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $77,000. Institutional investors 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.