Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives Average Rating of “Hold” from Brokerages

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $106.00.

OMAB has been the subject of several research analyst reports. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $108.49 on Thursday. The stock has a market cap of $4.62 billion, a P/E ratio of 18.48, a PEG ratio of 1.27 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $117.87 and its two-hundred day moving average price is $109.68. Grupo Aeroportuario del Centro Norte has a twelve month low of $70.24 and a twelve month high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.25). The business had revenue of $228.23 million for the quarter, compared to analysts’ expectations of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. As a group, equities analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock valued at $2,329,000 after purchasing an additional 115 shares during the last quarter. Blue Trust Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 34.5% in the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after buying an additional 126 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 13.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock worth $123,000 after buying an additional 136 shares in the last quarter. Fifth Third Bancorp grew its position in Grupo Aeroportuario del Centro Norte by 22.3% during the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 144 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Grupo Aeroportuario del Centro Norte by 1.6% during the fourth quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after acquiring an additional 188 shares during the last quarter. 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.