Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMABGet Free Report) have been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $134.00.

Several research analysts have recently commented on OMAB shares. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th.

View Our Latest Stock Analysis on OMAB

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $99.35 on Thursday. The firm has a 50 day simple moving average of $105.23 and a two-hundred day simple moving average of $108.55. Grupo Aeroportuario del Centro Norte has a one year low of $95.69 and a one year high of $134.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $4.23 billion, a PE ratio of 15.90, a P/E/G ratio of 1.29 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. The firm had revenue of $255.27 million during the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. On average, analysts predict that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Grupo Aeroportuario del Centro Norte by 3.6% in the 4th quarter. State Street Corp now owns 329,781 shares of the transportation company’s stock worth $35,870,000 after purchasing an additional 11,604 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Grupo Aeroportuario del Centro Norte by 1.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock worth $18,028,000 after acquiring an additional 2,134 shares during the period. Empowered Funds LLC lifted its position in Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after purchasing an additional 68,212 shares in the last quarter. Empirical Finance LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after acquiring an additional 71,924 shares in the last quarter. Finally, Fisher Funds Management LTD lifted its holdings in Grupo Aeroportuario del Centro Norte by 19.8% during the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock valued at $17,043,000 after purchasing an additional 24,583 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

(Get Free Report)

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.

Further Reading

Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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