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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $106.00.

OMAB has been the topic of several recent research reports. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Finally, Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $134.98 on Friday. The firm has a market cap of $5.74 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.08 and a beta of 0.74. The firm’s fifty day moving average is $115.80 and its 200 day moving average is $108.52. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $134.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 271 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $42,000. Blue Trust Inc. increased its stake in shares of 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 buying an additional 126 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $56,000. 9.53% of the stock is currently 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.