Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) – What Are Researchers Saying About This Stock?

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $134.00.

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

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $90.28 on Monday. Grupo Aeroportuario del Centro Norte has a twelve month low of $88.22 and a twelve month high of $134.99. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.61. The business has a 50 day simple moving average of $100.87 and a 200-day simple moving average of $105.72.

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. The business had revenue of $255.27 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. As a group, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OMAB. Militia Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth about $9,732,000. Sei Investments Co. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 208.7% in the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock worth $3,326,000 after buying an additional 19,599 shares during the period. Empirical Finance LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% in the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after buying an additional 71,924 shares during the period. Empowered Funds LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after buying an additional 68,212 shares in the last quarter. Finally, Fisher Funds Management LTD grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 19.8% during the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock valued at $17,043,000 after buying an additional 24,583 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.