Grupo Aeroportuario del Centro Norte Surpasses Analyst Price Target
Recently, shares of Grupo Aeroportuario del Centro Norte SAB de CV (Symbol: OMAB) have risen above the average 12-month analyst target price of $88.76, currently trading at $90.15 per share. When a stock reaches an analyst’s target, they typically have two options: either downgrade based on valuation or adjust their target price upward. The analyst’s response can also hinge on fundamental developments influencing the stock’s upward movement.
Currently, there are five distinct analyst targets within the Zacks coverage universe contributing to the average for Grupo Aeroportuario del Centro Norte. However, this average represents a mathematical midpoint, with some analysts setting lower price targets, such as $61.00, while others have much higher forecasts, including a target of $106.00. The standard deviation among these targets is $17.25.
Analyzing the average price target serves to leverage the “wisdom of the crowds,” aggregating the insights of multiple analysts rather than relying on a single expert opinion. With OMAB’s stock surpassing the average target price of $88.76 per share, investors are prompted to reassess the company’s prospects: Is $88.76 merely a checkpoint on the way to even higher valuations, or has the stock’s price become overextended, prompting considerations of profit-taking? Below is a table summarizing the current outlook of analysts who cover Grupo Aeroportuario del Centro Norte SAB de CV:
| Recent OMAB Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 0 | 0 |
| Hold ratings: | 2 | 2 | 3 | 3 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.64 | 2.64 | 2.86 | 2.86 |
The average rating is measured on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com.
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Also see:
Funds Holding ION
IVZ Average Annual Return
EDBL Market Cap History
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of any organization.
