Grupo Aeroportuario del Centro Nort (OMAB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) have received an average recommendation of “Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $50.00.

A number of brokerages recently commented on OMAB. BidaskClub raised shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Saturday, January 19th. Scotiabank raised Grupo Aeroportuario del Centro Nort from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 11th. Finally, TheStreet raised Grupo Aeroportuario del Centro Nort from a “c+” rating to a “b-” rating in a research report on Wednesday, January 9th.

Several hedge funds have recently modified their holdings of OMAB. O Shaughnessy Asset Management LLC increased its position in shares of Grupo Aeroportuario del Centro Nort by 639.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,024 shares of the transportation company’s stock worth $115,000 after purchasing an additional 2,615 shares in the last quarter. Advisors Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Nort in the 4th quarter valued at $218,000. Brookstone Capital Management increased its position in shares of Grupo Aeroportuario del Centro Nort by 11.8% in the 4th quarter. Brookstone Capital Management now owns 6,436 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 678 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Grupo Aeroportuario del Centro Nort in the 4th quarter valued at $257,000. Finally, Eagle Asset Management Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Nort in the 3rd quarter valued at $298,000. 13.24% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:OMAB traded down $0.39 during trading hours on Wednesday, reaching $45.73. The company’s stock had a trading volume of 85,681 shares, compared to its average volume of 102,130. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 4.66 and a beta of 0.92. Grupo Aeroportuario del Centro Nort has a 12 month low of $33.39 and a 12 month high of $58.10. The company has a quick ratio of 2.63, a current ratio of 3.27 and a debt-to-equity ratio of 0.53.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings data on Monday, February 11th. The transportation company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.11. The company had revenue of $102.05 million during the quarter. Grupo Aeroportuario del Centro Nort had a net margin of 36.06% and a return on equity of 36.51%. On average, sell-side analysts expect that Grupo Aeroportuario del Centro Nort will post 3.28 EPS for the current year.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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