Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Three of five covering firms rate OMAB Hold and two rate it Buy, with an average 12-month price target of $134.
• Several firms recently became more favorable, including JPMorgan upgrading the stock from Underweight to Neutral and Zacks Research moving it from Strong Sell to Hold.
• OMAB was trading at $99.35, near its 52-week low of $95.69, while its latest quarter reported $1.74 in EPS and $255.27 million in revenue; institutional investors own 9.53% of shares.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) has been given an average recommendation of "Hold" by the five research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $134.00.

A number of research firms have recently commented on OMAB. 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 raised Grupo Aeroportuario del Centro Norte from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 25th.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently bought and sold shares of OMAB. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock worth $39,000 after purchasing an additional 271 shares during the period. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter worth approximately $56,000. Atlas Capital Advisors Inc. purchased a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $61,000. Finally, PNC Financial Services Group Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 13.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company's stock valued at $123,000 after purchasing an additional 136 shares during the period. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $99.35 on Thursday. The company has a market capitalization of $4.23 billion, a P/E ratio of 15.90, a PEG ratio of 1.29 and a beta of 0.61. The company has a fifty day moving average price of $105.23 and a 200-day moving average price of $108.55. 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 has a 52-week low of $95.69 and a 52-week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. The company 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 year.

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.

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