Shares of Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $69.50.
OMAB has been the topic of several research analyst reports. Credit Suisse Group AG restated a “buy” rating and set a $132.00 target price on shares of Grupo Aeroportuario del Centro Norte SAB de CV in a report on Wednesday, October 26th. Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Norte SAB de CV from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Scotiabank dropped their target price on shares of Grupo Aeroportuario del Centro Norte SAB de CV from $44.00 to $41.00 in a report on Thursday, August 25th. Santander downgraded shares of Grupo Aeroportuario del Centro Norte SAB de CV from a “buy” rating to a “neutral” rating in a report on Monday, September 12th. Finally, Citigroup Inc. downgraded shares of Grupo Aeroportuario del Centro Norte SAB de CV from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Grupo Aeroportuario del Centro Norte SAB de CV by 53.1% in the third quarter. Bank of Montreal Can now owns 12,553 shares of the company’s stock worth $591,000 after buying an additional 4,353 shares during the period. Royal Bank of Canada acquired a new stake in Grupo Aeroportuario del Centro Norte SAB de CV during the second quarter worth about $190,000. Guggenheim Capital LLC increased its stake in Grupo Aeroportuario del Centro Norte SAB de CV by 22.1% in the second quarter. Guggenheim Capital LLC now owns 23,924 shares of the company’s stock worth $1,135,000 after buying an additional 4,336 shares during the period. State Street Corp acquired a new stake in Grupo Aeroportuario del Centro Norte SAB de CV during the second quarter worth about $361,000. Finally, Azimuth Capital Management LLC increased its stake in Grupo Aeroportuario del Centro Norte SAB de CV by 3.7% in the second quarter. Azimuth Capital Management LLC now owns 110,680 shares of the company’s stock worth $5,251,000 after buying an additional 3,900 shares during the period. Institutional investors own 10.84% of the company’s stock.
Shares of Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) opened at 38.64 on Monday. Grupo Aeroportuario del Centro Norte SAB de CV has a 12-month low of $33.61 and a 12-month high of $53.58. The company’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.
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Grupo Aeroportuario del Centro Norte SAB de CV Company Profile
Grupo Aeroportuario del Centro Norte, SAB. de C.V., (GACN) is a holding company and conducts all of its operations through its subsidiaries. Through its subsidiaries, it holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.