Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB – Get Free Report) has received an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $134.00.
A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd.
Check Out Our Latest Stock Report on OMAB
Institutional Trading of Grupo Aeroportuario del Centro Norte
Hedge funds have recently bought and sold shares of the company. Militia Capital Management LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 1st quarter worth about $9,732,000. Empirical Finance LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 74.6% in the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after purchasing an additional 71,924 shares during the period. Empowered Funds LLC raised its holdings in shares of 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 buying an additional 68,212 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 208.7% during the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock valued at $3,326,000 after buying an additional 19,599 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth approximately $644,000. 9.53% of the stock is currently owned by institutional investors.
Grupo Aeroportuario del Centro Norte Stock Performance
Shares of OMAB stock opened at $102.52 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 16.40, a PEG ratio of 1.94 and a beta of 0.61. The business has a 50 day moving average of $97.74 and a two-hundred day moving average of $107.82. Grupo Aeroportuario del Centro Norte has a 52 week low of $87.31 and a 52 week high of $134.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). The company had revenue of $268.96 million for the quarter, compared to analyst estimates of $255.11 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current year.
About Grupo Aeroportuario del Centro Norte
Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.
OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.
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