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

Key Points

• Analysts covering the stock have a consensus "Hold" rating (1 sell, 4 hold, 2 buy) with an average 12‑month price target of $120.00.
• In the most recent quarter OMAB reported EPS of $1.41, missing estimates by $0.08, while revenue of $213.33 million beat expectations and the company showed strong profitability (ROE 55.19%, net margin 32.67%).
• Several hedge funds recently added or increased positions in OMAB; the stock trades around $106 with a market cap of $4.51 billion and a P/E ratio of 17.73.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $120.00.

OMAB has been the topic of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 14th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OMAB. Janney Montgomery Scott LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $11,038,000. AQR Capital Management LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company's stock valued at $10,766,000 after buying an additional 39,581 shares during the last quarter. Voleon Capital Management LP purchased a new position in Grupo Aeroportuario del Centro Norte during the third quarter worth $3,757,000. Goldman Sachs Group Inc. increased its position in Grupo Aeroportuario del Centro Norte by 171.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 47,253 shares of the transportation company's stock worth $5,140,000 after buying an additional 29,875 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 42.5% in the fourth quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company's stock worth $11,707,000 after acquiring an additional 29,870 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB opened at $106.01 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.14. The stock's 50 day simple moving average is $114.52 and its 200 day simple moving average is $111.44. Grupo Aeroportuario del Centro Norte has a 1-year low of $86.62 and a 1-year high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). The firm had revenue of $213.33 million for the quarter, compared to analyst estimates of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 55.19% and a net margin of 32.67%. As a group, equities analysts anticipate that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current fiscal 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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