Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on OMAB, with one sell, two hold, and two buy recommendations. The average 12-month price target is $134, compared with the shares’ reported $102.52 price.
• OMAB’s latest quarterly results were mixed: earnings per share came in at $1.78, below the $1.83 consensus estimate, while revenue of $268.96 million exceeded expectations of $255.11 million.
• Institutional investors own 9.53% of the company, with several firms recently initiating or increasing positions. The stock has traded between $87.31 and $134.99 over the past year and carries a market capitalization of approximately $4.36 billion.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have earned an average recommendation of "Hold" from the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $134.00.

A number of research analysts have commented on the company. Zacks Research cut Grupo Aeroportuario del Centro Norte from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded 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

A number of large investors have recently bought and sold shares of OMAB. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $51,000. Alamar Capital Management LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the first quarter worth $241,000. QRG Capital Management Inc. acquired a new position in Grupo Aeroportuario del Centro Norte in the first quarter worth $274,000. Squarepoint Ops LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 44.4% in the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company's stock worth $387,000 after purchasing an additional 1,053 shares during the period. Finally, Sanders Morris Harris LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter valued at $361,000. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $102.52 on Friday. Grupo Aeroportuario del Centro Norte has a one year low of $87.31 and a one year 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 company has a 50 day moving average price of $97.74 and a 200 day moving average price of $107.82. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by ($0.05). The company had revenue of $268.96 million for the quarter, compared to analysts' expectations of $255.11 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. Sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current year.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.

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