Analysts Set Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) PT at $134.00

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has received an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $134.00.

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note 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. 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 Stock Performance

Shares of OMAB opened at $98.20 on Thursday. Grupo Aeroportuario del Centro Norte has a 1 year low of $95.69 and a 1 year high of $134.99. The company’s 50 day simple moving average is $104.40 and its 200 day simple moving average is $107.86. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.28 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The company had revenue of $255.27 million for the quarter. On average, sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

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 during the first quarter valued at $9,732,000. Empirical Finance LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the first 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 last quarter. Empowered Funds LLC increased its holdings in shares of 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 acquiring an additional 68,212 shares during the period. Fisher Funds Management LTD boosted its stake in 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 valued at $17,043,000 after purchasing an additional 24,583 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 208.7% during the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock valued at $3,326,000 after buying an additional 19,599 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., commonly known as OMA, is a Mexican airport infrastructure and services company. Through long-term concessions granted by the Mexican government, it develops, operates and maintains airports, providing passenger and aircraft services as well as managing the commercial activities associated with its terminals.

OMA operates 13 airports in central and northern Mexico. Its network includes airports serving Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Ciudad Juárez, Culiacán, Durango, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.