Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $79.37.

Several research firms have recently weighed in on OMAB. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, July 25th. Morgan Stanley lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $46.10 in a research report on Tuesday, May 30th. UBS AG lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 17th. Finally, Bank of America Corporation raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 16th.

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Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) traded down 0.12% during midday trading on Tuesday, reaching $48.31. 16,952 shares of the company’s stock were exchanged. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $30.05 and a 1-year high of $52.51. The stock has a market cap of $2.38 billion, a P/E ratio of 21.49 and a beta of 0.95. The firm’s 50-day moving average is $49.89 and its 200 day moving average is $44.91.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $93.71 million during the quarter. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a net margin of 30.85% and a return on equity of 30.38%. Equities analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $168,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the second quarter valued at $209,000. First Trust Advisors LP bought a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the second quarter valued at $224,000. Advisor Group Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 123.3% in the second quarter. Advisor Group Inc. now owns 4,820 shares of the transportation company’s stock valued at $232,000 after buying an additional 2,661 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $218,000. 12.92% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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