Grupo Aeroportuario Shares Exceed Analyst Target Price
Recently, shares of Grupo Aeroportuario del Centro Norte SAB de CV (Symbol: OMAB) surpassed the average analyst 12-month target price of $97.60, trading at $99.26 per share. When a stock hits its analyst target, the analyst typically decides to either downgrade based on valuation or raise the target price. Reactions may also be influenced by the company’s business developments that drive price increases.
Within the Zacks coverage, five different analyst targets contribute to the average for Grupo Aeroportuario. Some analysts have set lower targets, with one estimating a price of $61.00, while another suggests a high of $110.00. The standard deviation among these targets is $20.549.
The purpose of analyzing the average price target is to aggregate insights from multiple analysts. With OMAB now above the average target of $97.60 per share, investors should assess whether this price is a milestone towards even higher targets or a signal to consider selling some shares. Below is a summary of recent analyst ratings for 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: | 3 | 3 | 3 | 3 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 2 | 2 | 2 | 3 |
| Sell ratings: | 0 | 1 | 1 | 1 |
| Strong sell ratings: | 2 | 1 | 1 | 1 |
| Average rating: | 2.56 | 2.44 | 2.44 | 2.63 |
The average rating reflects a scale from 1 (Strong Buy) to 5 (Strong Sell). This information was sourced from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
