Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives $92.17 Average Price Target from Analysts

Key Points

• Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has a consensus rating of "Hold" from seven research firms, with one sell, four hold, and two buy recommendations.
• The stock's average 1-year price objective is approximately $92.17, while it opened at $106.77, indicating potential volatility.
• Several institutional investors have increased their stakes in the company, contributing to 9.53% of the stock being owned by hedge funds and other institutional investors.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $92.1667.

Several research firms have recently commented on OMAB. Zacks Research cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Citigroup reiterated a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB traded down $0.47 during mid-day trading on Thursday, hitting $107.09. The company's stock had a trading volume of 92,858 shares, compared to its average volume of 88,542. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $106.88 and a 200 day simple moving average of $97.32. The firm has a market capitalization of $4.56 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.58 and a beta of 0.93. Grupo Aeroportuario del Centro Norte has a 1-year low of $62.06 and a 1-year high of $116.25.

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. Corient Private Wealth LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth approximately $242,000. Vident Advisory LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 11.2% during the 2nd quarter. Vident Advisory LLC now owns 12,195 shares of the transportation company's stock valued at $1,287,000 after purchasing an additional 1,231 shares in the last quarter. Militia Capital Partners LP lifted its position in shares of Grupo Aeroportuario del Centro Norte by 60.8% during the 2nd quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company's stock valued at $8,256,000 after acquiring an additional 29,600 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 36.8% in the second quarter. BNP Paribas Financial Markets now owns 52,621 shares of the transportation company's stock valued at $5,552,000 after purchasing an additional 14,149 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Grupo Aeroportuario del Centro Norte by 17.0% during the second quarter. Bank of America Corp DE now owns 18,227 shares of the transportation company's stock worth $1,923,000 after buying an additional 2,654 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.