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

Key Points

• Analyst consensus is “Hold”: Three of five covering firms rate Grupo Aeroportuario del Centro Norte neutral, while two recommend buying. The average 12-month price target is $134, above the reported share price of $103.39.
• Shares recently declined 3.8%: OMAB trades below both its 50-day and 200-day moving averages, with a 12-month range of $95.69 to $134.99 and a market capitalization of approximately $4.4 billion.
• Recent operating results were solid: The company reported quarterly earnings of $1.74 per share on $255.27 million in revenue, with a 33.17% net margin and 49.50% return on equity. Institutional investors own 9.53% of the stock.

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 five research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $134.00.

A number of equities research analysts recently weighed in on OMAB shares. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an "underweight" rating to a "neutral" rating in a research note on Wednesday, July 22nd. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a "neutral" rating to a "buy" rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings raised Grupo Aeroportuario del Centro Norte from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th.

Grupo Aeroportuario del Centro Norte Trading Down 3.8%

Shares of Grupo Aeroportuario del Centro Norte stock opened at $103.39 on Friday. The company's 50-day moving average price is $107.63 and its 200-day moving average price is $111.53. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Grupo Aeroportuario del Centro Norte has a 12-month low of $95.69 and a 12-month high of $134.99. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.34 and a beta of 0.62.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share for the quarter. The firm had revenue of $255.27 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock valued at $39,000 after purchasing an additional 271 shares during the last quarter. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth $56,000. Atlas Capital Advisors Inc. purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth $61,000. Finally, Fifth Third Bancorp lifted its stake in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company's stock worth $86,000 after purchasing an additional 144 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.

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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