Analysts Set Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) PT at $134.00

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $134.00.

OMAB has been the topic of a number of research reports. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently made changes to their positions in the business. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 271 shares in the last quarter. Quantbot Technologies LP bought a new stake in Grupo Aeroportuario del Centro Norte during the second quarter valued at $56,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $61,000. Finally, Fifth Third Bancorp grew its position in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after acquiring an additional 144 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB stock opened at $101.96 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $95.69 and a fifty-two week high of $134.99. The stock has a market capitalization of $4.34 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The company has a 50 day moving average price of $108.01 and a 200 day moving average price of $111.01.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The business had revenue of $255.27 million for the quarter. Analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current year.

About Grupo Aeroportuario del Centro Norte

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.