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

Key Points

• Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) has received a consensus rating of "Hold" from seven analysts, with one sell rating, three holds, and three buys.
• The average price target for the stock among analysts is $88.3750, while Goldman Sachs recently increased their target to $106.00.
• Institutional investors own 9.53% of Grupo Aeroportuario del Centro Norte's shares, with several firms increasing their stakes in the company during the last quarter.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) has received a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $88.3750.

Several brokerages have recently commented on OMAB. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group raised their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Zacks Research lowered Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after purchasing an additional 394 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock valued at $39,000 after acquiring an additional 271 shares during the last quarter. Quantbot Technologies LP acquired a new position in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. US Bancorp DE lifted its stake in Grupo Aeroportuario del Centro Norte by 25.6% during the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after purchasing an additional 155 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 306.5% during the second quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company's stock worth $60,000 after purchasing an additional 426 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Down 0.7%

Shares of OMAB traded down $0.73 during trading hours on Friday, hitting $104.19. The company had a trading volume of 41,956 shares, compared to its average volume of 73,380. Grupo Aeroportuario del Centro Norte has a one year low of $60.39 and a one year high of $116.25. The company's fifty day moving average price is $107.10 and its two-hundred day moving average price is $93.85. 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 company has a market capitalization of $4.43 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.51 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.