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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have been given an average recommendation of “Hold” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $134.00.

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

Grupo Aeroportuario del Centro Norte Trading Down 3.8%

Shares of OMAB opened at $103.39 on Friday. The stock has a market capitalization of $4.40 billion, a P/E ratio of 16.54, a PEG ratio of 1.34 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $107.63 and a two-hundred day simple moving average of $111.53. Grupo Aeroportuario del Centro Norte has a twelve month low of $95.69 and a twelve month high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced 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 net margin of 33.17% and a return on equity of 49.50%. The business had revenue of $255.27 million for the quarter. On average, research analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Grupo Aeroportuario del Centro Norte by 3.6% in the fourth quarter. State Street Corp now owns 329,781 shares of the transportation company’s stock worth $35,870,000 after acquiring an additional 11,604 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario del Centro Norte by 1.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock valued at $18,028,000 after purchasing an additional 2,134 shares during the period. Empowered Funds LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 68.1% in the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after purchasing an additional 68,212 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after acquiring an additional 71,924 shares during the period. Finally, Fisher Funds Management LTD grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 19.8% during the 1st quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock worth $17,043,000 after acquiring an additional 24,583 shares during the period. Institutional investors own 9.53% of the company’s stock.

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.