Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Stock Rated “Hold” by Sell-Side Brokerages

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 five analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $134.00.

Several brokerages have recently weighed in on OMAB. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. 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 reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday, October 26th.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its holdings in Grupo Aeroportuario del Centro Norte by 4.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 43,016 shares of the transportation company’s stock valued at $4,156,000 after acquiring an additional 2,017 shares during the period. Gen Wealth Partners Inc bought a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $30,000. Ethic Inc. increased its stake in Grupo Aeroportuario del Centro Norte by 38.7% in the third quarter. Ethic Inc. now owns 3,363 shares of the transportation company’s stock worth $325,000 after purchasing an additional 939 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth $51,000. Finally, Sage Investment Counsel LLC increased its stake in Grupo Aeroportuario del Centro Norte by 4.3% in the third quarter. Sage Investment Counsel LLC now owns 7,300 shares of the transportation company’s stock worth $705,000 after purchasing an additional 300 shares during the period. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB opened at $109.06 on Friday. The business’s 50 day moving average price is $98.06 and its 200-day moving average price is $107.77. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $87.31 and a fifty-two week high of $134.99. The company has a market cap of $4.64 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.14 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). The company had revenue of $268.96 million during the quarter, compared to the consensus estimate of $255.11 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.38% and a net margin of 31.69%. Sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 6.82 earnings per share 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.