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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.1667.

A number of brokerages have issued reports on OMAB. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Tuesday, October 14th. Finally, Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter worth $105,360,000. Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario del Centro Norte by 2.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 171,433 shares of the transportation company’s stock worth $18,086,000 after buying an additional 4,638 shares during the period. Aberdeen Group plc lifted its holdings in Grupo Aeroportuario del Centro Norte by 4.8% during the second quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock worth $17,319,000 after acquiring an additional 7,487 shares in the last quarter. American Century Companies Inc. grew its stake in Grupo Aeroportuario del Centro Norte by 18.4% in the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after acquiring an additional 18,028 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 63.4% in the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after acquiring an additional 39,581 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 1.7%

Shares of NASDAQ OMAB opened at $104.43 on Monday. The firm has a market capitalization of $4.44 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte has a 1 year low of $62.06 and a 1 year high of $116.25. The firm’s 50-day moving average is $105.06 and its 200-day moving average is $100.79.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.