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

Key Points

• Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has received an average rating of "Hold" from seven research firms, with differing opinions including one sell, four holds, and two buys.
• The average one-year target price for the stock is $92.17, as indicated by analysts' reports.
• Recent institutional trading includes a significant new stake purchase worth $105.36 million by Kingstone Capital Partners, alongside other increases in ownership by various funds.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have earned an average rating of "Hold" from the seven research firms that are covering the stock, 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 target price among analysts that have issued a report on the stock in the last year is $92.1667.

A number of research firms have recently commented on OMAB. Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a research report on Saturday. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Saturday, September 27th.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently made changes to their positions in OMAB. Kingstone Capital Partners Texas LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $105,360,000. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $5,269,000. AQR Capital Management LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 63.4% in the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company's stock worth $10,766,000 after buying an additional 39,581 shares during the last quarter. Militia Capital Partners LP increased its stake in Grupo Aeroportuario del Centro Norte by 60.8% during the second quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company's stock valued at $8,256,000 after purchasing an additional 29,600 shares during the last quarter. Finally, Empirical Finance LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the first quarter valued at $2,258,000. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Trading Up 2.3%

NASDAQ OMAB opened at $105.05 on Monday. The company's fifty day simple moving average is $105.44 and its 200-day simple moving average is $99.97. Grupo Aeroportuario del Centro Norte has a 52 week low of $62.06 and a 52 week high of $116.25. 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 stock has a market cap of $4.47 billion, a P/E ratio of 19.45, a PEG ratio of 2.53 and a beta of 0.94.

Grupo Aeroportuario del Centro Norte Company Profile

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.

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