Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $71.03.

A number of equities research analysts have issued reports on OMAB shares. BidaskClub lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Morgan Stanley lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $46.10 in a research note on Tuesday, May 30th. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “sector perform” rating to an “underperform” rating and lifted their price objective for the company from $43.00 to $46.00 in a research note on Thursday, September 7th.

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Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded up 1.62% on Friday, hitting $46.55. The company had a trading volume of 122,740 shares. The company has a 50 day moving average of $48.40 and a 200-day moving average of $45.80. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $30.05 and a 12-month high of $52.51. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 20.42 and a beta of 0.97.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $93.71 million during the quarter. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a net margin of 30.85% and a return on equity of 30.38%. On average, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.38 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 0.4% in the 2nd quarter. Bank of Montreal Can now owns 14,011 shares of the transportation company’s stock worth $675,000 after acquiring an additional 52 shares during the period. Dimensional Fund Advisors LP raised its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,847 shares of the transportation company’s stock worth $280,000 after acquiring an additional 62 shares during the period. Aperio Group LLC raised its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 4.4% in the 2nd quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock worth $783,000 after acquiring an additional 681 shares during the period. Naples Global Advisors LLC raised its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 10.2% in the 2nd quarter. Naples Global Advisors LLC now owns 8,925 shares of the transportation company’s stock worth $430,000 after acquiring an additional 825 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 5.5% in the 2nd quarter. Franklin Resources Inc. now owns 19,200 shares of the transportation company’s stock worth $925,000 after acquiring an additional 1,000 shares during the period. 12.92% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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