Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Stock Has Average Target Price of $134.00 According to Brokerages

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $134.00.

Several equities analysts have recently weighed in on OMAB shares. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $91.69 on Monday. The stock has a market cap of $3.90 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.23 and a beta of 0.61. Grupo Aeroportuario del Centro Norte has a 12 month low of $91.60 and a 12 month high of $134.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $101.56 and a 200 day simple moving average of $105.98.

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

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Militia Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth about $9,732,000. Empirical Finance LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after purchasing an additional 71,924 shares during the last quarter. Empowered Funds LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 68.1% in the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after purchasing an additional 68,212 shares during the last quarter. Fisher Funds Management LTD grew its holdings in Grupo Aeroportuario del Centro Norte by 19.8% during the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock worth $17,043,000 after purchasing an additional 24,583 shares during the period. Finally, Sei Investments Co. grew its holdings in Grupo Aeroportuario del Centro Norte by 208.7% during the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock worth $3,326,000 after purchasing an additional 19,599 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.