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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $120.00.

Several analysts have commented on the company. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Grupo Aeroportuario del Centro Norte by 253.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock worth $2,282,000 after buying an additional 15,761 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $1,052,000. Caprock Group LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $776,000. Novem Group purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $1,167,000. Finally, Quent Capital LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $2,690,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Trading Up 0.3%

OMAB stock opened at $106.98 on Friday. The company’s 50-day simple moving average is $113.07 and its 200-day simple moving average is $111.63. The company has a quick ratio of 1.14, a current ratio of 1.12 and a debt-to-equity ratio of 0.81. Grupo Aeroportuario del Centro Norte has a 52-week low of $93.03 and a 52-week high of $134.99. The firm has a market cap of $4.55 billion, a P/E ratio of 17.89, a PEG ratio of 1.10 and a beta of 0.64.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.08). The business had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. As a group, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current fiscal year.

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.