Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Crosses Above Two Hundred Day Moving Average of $72.92

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) shares 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 changing hands.

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 Stock Performance

The company has a debt-to-equity ratio of 1.10, a current ratio of 2.02 and a quick ratio of 1.86. The firm has a fifty day simple moving average of $74.06 and a 200 day simple moving average of $72.92. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 4.60 and a beta of 1.40.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.19. The firm had revenue of $211.59 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 59.61% and a net margin of 34.70%. On average, analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.52 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 726.8% in 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 last quarter. Mather Group LLC. purchased a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 423 shares in the last quarter. Royal Bank of Canada lifted its position in Grupo Aeroportuario del Centro Norte by 62.7% during the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company's stock worth $27,000 after buying an additional 205 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in 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 buying an additional 586 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Norte

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.