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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $134.00.

OMAB has been the subject of a number of analyst reports. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, 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.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB opened at $102.87 on Friday. Grupo Aeroportuario del Centro Norte has a 1-year low of $95.69 and a 1-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 business has a fifty day moving average price of $108.03 and a 200-day moving average price of $110.95. The company has a market capitalization of $4.38 billion, a PE ratio of 16.46, a PEG ratio of 1.34 and a beta of 0.62.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The company had revenue of $255.27 million for the quarter. As a group, equities analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OMAB. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after buying an additional 271 shares in the last quarter. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $56,000. Atlas Capital Advisors Inc. purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth about $61,000. Finally, Fifth Third Bancorp lifted its stake in Grupo Aeroportuario del Centro Norte by 22.3% during the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.