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

Key Points

• Analysts have given Grupo Aeroportuario del Centro Norte a consensus rating of Hold (1 sell, 4 holds, 1 buy) with an average 1‑year target price of $106.00.
• In the most recent quarter the company reported earnings per share of $1.40 on revenue of $228.23 million, with a net margin of 33.46% and return on equity of 52.24%, and analysts forecast about 5.53 EPS for the current year.
• OMA has a market capitalization of about $4.97 billion, a P/E of 19.89 and PEG of 1.45, and trades in a 52‑week range of $70.24 to $134.99.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have been given a consensus rating of "Hold" by the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $106.00.

OMAB has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. Finally, Zacks Research cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently bought and sold shares of the business. Triumph Capital Management purchased a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the second 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 period. Mather Group LLC. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth about $42,000. Blue Trust Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company's stock worth $51,000 after purchasing an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $56,000. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB opened at $116.73 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average of $118.50 and a two-hundred day moving average of $110.32. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.45 and a beta of 0.75. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. The business had revenue of $228.23 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. On average, analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current year.

About Grupo Aeroportuario del Centro Norte

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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