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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have earned an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $134.00.

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

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $90.28 on Monday. The firm has a 50 day moving average of $100.87 and a 200-day moving average of $105.75. Grupo Aeroportuario del Centro Norte has a 12-month low of $88.22 and a 12-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 cap of $3.84 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.18 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 earnings per share for the quarter. The firm had revenue of $255.27 million during 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 analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently added to or reduced their stakes in OMAB. Empowered Funds LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 68.1% in 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. Empirical Finance LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after purchasing an additional 71,924 shares in the last quarter. Fisher Funds Management LTD lifted its position 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 worth $17,043,000 after purchasing an additional 24,583 shares during the last quarter. Militia Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth about $9,732,000. Finally, Sei Investments Co. grew its stake in 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 purchasing an additional 19,599 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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.