Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received a consensus rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $79.37.

A number of research analysts have commented on OMAB shares. Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. UBS AG downgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. J P Morgan Chase & Co downgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to a “neutral” rating in a research note on Friday, May 12th. Bank of America Corporation upgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 16th. Finally, Morgan Stanley downgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $46.10 in a research note on Tuesday, May 30th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 7.0% in the first quarter. Bank of Montreal Can now owns 13,959 shares of the transportation company’s stock worth $602,000 after buying an additional 914 shares during the last quarter. Advisors Asset Management Inc. increased its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock worth $335,000 after buying an additional 1,554 shares during the last quarter. Karp Capital Management Corp acquired a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth about $673,000. Opus Capital Group LLC acquired a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth about $307,000. Finally, Stevens Capital Management LP acquired a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth about $218,000. Hedge funds and other institutional investors own 12.92% of the company’s stock.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded down 0.68% during mid-day trading on Tuesday, hitting $48.01. The company had a trading volume of 83,312 shares. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 21.43 and a beta of 0.95. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52-week low of $30.05 and a 52-week high of $52.51. The firm has a 50-day moving average price of $49.93 and a 200 day moving average price of $44.57.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $93.71 million during the quarter. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a net margin of 30.85% and a return on equity of 30.38%. Analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/29/grupo-aeroportuario-del-centro-norte-s-a-b-de-c-v-omab-receives-average-recommendation-of-buy-from-brokerages.html.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Receive News & Stock Ratings for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. and related stocks with our FREE daily email newsletter.