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

Key Points

• Analyst consensus: Six analysts give Grupo Aeroportuario del Centro Norte an average rating of "Hold" (1 sell, 4 hold, 1 buy) with a one-year average target price of $106.
• Recent results: The company missed quarterly estimates, reporting EPS of $1.40 versus $1.65 expected and revenue of $228.23M versus $241.63M, though it still showed a strong net margin (33.46%) and high ROE (54.36%).
• Stock snapshot: Shares opened at $110.61 with a $4.71B market cap and P/E of 18.84; the 52-week range is $70.24–$134.99 and the stock trades below its 50-day SMA ($118.13) but slightly above its 200-day SMA ($109.56).

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $106.00.

Several equities analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a "buy" rating to a "strong-buy" rating in a research note on Sunday, February 15th. Finally, Zacks Research cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 0.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company's stock worth $2,329,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company's stock valued at $51,000 after buying an additional 126 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Grupo Aeroportuario del Centro Norte by 13.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company's stock worth $123,000 after buying an additional 136 shares during the period. Fifth Third Bancorp boosted its holdings in Grupo Aeroportuario del Centro Norte by 22.3% in the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company's stock worth $86,000 after buying an additional 144 shares during the period. Finally, Vident Advisory LLC grew its stake in Grupo Aeroportuario del Centro Norte by 1.6% in the 4th quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company's stock valued at $1,285,000 after buying an additional 188 shares in the last quarter. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $110.61 on Thursday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.32 and a beta of 0.74. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $134.99. The firm's 50-day simple moving average is $118.13 and its two-hundred day simple moving average is $109.56.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.25). Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 54.36%. The company had revenue of $228.23 million for the quarter, compared to the consensus estimate of $241.63 million. As a group, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share 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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