Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Receives Average Rating of “Buy” from Analysts

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $71.03.

Several brokerages have issued reports on OMAB. Scotiabank lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “sector perform” rating to an “underperform” rating and boosted their price target for the company from $43.00 to $46.00 in a report on Thursday, September 7th. BidaskClub raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a report on Tuesday, July 25th.



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Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the 1st quarter valued at $168,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the 2nd quarter valued at $209,000. First Trust Advisors LP bought a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the 2nd quarter valued at $224,000. Advisor Group Inc. increased its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 123.3% in the 2nd quarter. Advisor Group Inc. now owns 4,820 shares of the transportation company’s stock valued at $232,000 after buying an additional 2,661 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the 2nd quarter valued at $280,000. 12.92% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) traded up 0.27% during trading on Wednesday, reaching $41.45. 64,150 shares of the company’s stock were exchanged. 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 stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.18 and a beta of 0.94. The company’s 50 day moving average price is $45.62 and its 200-day moving average price is $46.24.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last announced its earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. 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%. The business had revenue of $93.71 million for the quarter. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.38 EPS for the current year.

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

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)

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