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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $106.00.

Several brokerages recently weighed in on OMAB. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research lowered 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 Performance

NASDAQ OMAB opened at $105.62 on Thursday. The company has a 50-day simple moving average of $118.02 and a two-hundred day simple moving average of $109.58. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte has a 12-month low of $70.24 and a 12-month high of $134.99. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.24 and a beta of 0.74.

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

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 1.6% in the 4th quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock worth $1,285,000 after acquiring an additional 188 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Grupo Aeroportuario del Centro Norte by 28.3% in the fourth quarter. Mackenzie Financial Corp now owns 36,908 shares of the transportation company’s stock valued at $4,008,000 after acquiring an additional 8,135 shares during the period. Empowered Funds LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 42.5% during the fourth quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company’s stock valued at $11,707,000 after acquiring an additional 29,870 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 52.8% during the fourth quarter. Guggenheim Capital LLC now owns 4,965 shares of the transportation company’s stock valued at $540,000 after acquiring an additional 1,715 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $579,000. 9.53% of the stock is currently owned by 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.