Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares passed above its 200-day moving average (200‑day = $110.13), trading as high as $115.58 and last at $114.73 on a volume of 306,613 — a common technical sign of upward momentum.
• Analysts' consensus is a "Hold" with a $106 target after recent downgrades (one Buy, four Hold, one Sell), reflecting mixed sentiment despite the price move.
• Fundamentals show a solid recent quarter (EPS $1.40; revenue $228.23M) and strong profitability (net margin 33.46% and ROE 52.24%), with a market cap of $4.88B, PE 19.55 and PEG 1.32.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $110.13 and traded as high as $115.58. Grupo Aeroportuario del Centro Norte shares last traded at $114.73, with a volume of 306,613 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 14th. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a 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. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and a consensus target price of $106.00.

Grupo Aeroportuario del Centro Norte Trading Up 2.1%

The firm has a market cap of $4.88 billion, a PE ratio of 19.55, a PEG ratio of 1.32 and a beta of 0.74. The firm has a fifty day simple moving average of $118.45 and a two-hundred day simple moving average of $110.13. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. The business had revenue of $228.23 million for the quarter. Equities analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC increased its position in shares of 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 in the last quarter. Mackenzie Financial Corp raised its stake in shares of Grupo Aeroportuario del Centro Norte by 28.3% in the fourth quarter. Mackenzie Financial Corp now owns 36,908 shares of the transportation company's stock worth $4,008,000 after purchasing an additional 8,135 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 42.5% during the fourth quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company's stock valued at $11,707,000 after purchasing an additional 29,870 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 52.8% during the fourth quarter. Guggenheim Capital LLC now owns 4,965 shares of the transportation company's stock valued at $540,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $579,000. 9.53% of the stock is owned by institutional investors.

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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