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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $134.00.

OMAB has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday, October 26th. Finally, Zacks Research cut Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $51,000. Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $241,000. QRG Capital Management Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $274,000. Ethic Inc. increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 38.7% in the 3rd quarter. Ethic Inc. now owns 3,363 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 939 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $361,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 1.0%

Shares of NASDAQ:OMAB opened at $105.77 on Friday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.07 and a beta of 0.61. The firm’s 50-day simple moving average is $97.85 and its 200-day simple moving average is $107.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.22. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $87.31 and a fifty-two week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.05). The firm had revenue of $268.96 million for the quarter, compared to analysts’ expectations of $255.11 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.38% and a net margin of 31.69%. As a group, equities research analysts predict that Grupo Aeroportuario del Centro Norte will post 6.82 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.