Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Stock Has Consensus Target Price of $134.00 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Grupo Aeroportuario del Centro Norte, with three holds and two buys. The average 12-month price target is $134.00, well above the stock’s cited price of $94.19.
• Recent brokerages generally became less bearish, with Zacks Research upgrading the stock from “strong sell” to “hold” and JPMorgan raising it from “underweight” to “neutral.”
• OMA reported quarterly earnings of $1.74 per share on $255.27 million in revenue, while institutional investors increased several positions; such investors own 9.53% of the company.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have received a consensus rating of "Hold" from the five research firms that are presently covering the firm, MarketBeat.com reports. Three investment 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 analysts that have covered the stock in the last year is $134.00.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 15.8% during the second quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company's stock valued at $313,000 after buying an additional 378 shares during the last quarter. Squarepoint Ops LLC grew its position in Grupo Aeroportuario del Centro Norte by 44.4% during the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company's stock worth $387,000 after buying an additional 1,053 shares in the last quarter. Opal Capital LLC increased its stake in Grupo Aeroportuario del Centro Norte by 14.1% during the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company's stock valued at $1,737,000 after acquiring an additional 1,870 shares during the period. Amundi increased its stake in Grupo Aeroportuario del Centro Norte by 60.0% during the first quarter. Amundi now owns 5,972 shares of the transportation company's stock valued at $685,000 after acquiring an additional 2,240 shares during the period. Finally, Empowered Funds LLC increased its stake in Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company's stock valued at $19,321,000 after acquiring an additional 68,212 shares during the period. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Grupo Aeroportuario del Centro Norte stock opened at $94.19 on Monday. Grupo Aeroportuario del Centro Norte has a 52 week low of $92.33 and a 52 week high of $134.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $4.01 billion, a PE ratio of 15.07, a PEG ratio of 1.22 and a beta of 0.61. The business's 50-day simple moving average is $102.32 and its 200-day simple moving average is $106.31.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results 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%. Equities research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Company Profile

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.

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