Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives $106.00 Average PT from Analysts

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $106.00.

OMAB has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th.

Grupo Aeroportuario del Centro Norte Stock Up 3.0%

Shares of NASDAQ:OMAB opened at $108.75 on Thursday. Grupo Aeroportuario del Centro Norte has a 1 year low of $70.24 and a 1 year high of $134.99. The company has a market capitalization of $4.63 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. The business has a fifty day moving average price of $118.01 and a two-hundred day moving average price of $109.65. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.25). The business had revenue of $228.23 million for the quarter, compared to the consensus estimate of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. Analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of large investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd 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 acquiring an additional 271 shares during the last quarter. Mather Group LLC. bought a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $42,000. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Grupo Aeroportuario del Centro Norte during the second quarter valued at about $56,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.