Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Given Average Rating of “Hold” by Brokerages

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.00.

Several research firms have commented on OMAB. Zacks Investment Research upgraded Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, July 5th. BidaskClub lowered Grupo Aeroportuario del Centro Nort from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. ValuEngine lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, UBS Group lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “neutral” rating in a research report on Thursday, June 27th.

NASDAQ:OMAB traded down $0.82 during trading hours on Friday, hitting $43.83. 47,671 shares of the stock were exchanged, compared to its average volume of 63,632. Grupo Aeroportuario del Centro Nort has a 52-week low of $33.39 and a 52-week high of $58.10. The firm’s fifty day moving average price is $48.41 and its 200 day moving average price is $47.83. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.88 billion, a P/E ratio of 14.86, a P/E/G ratio of 4.39 and a beta of 0.80.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Grupo Aeroportuario del Centro Nort had a return on equity of 37.00% and a net margin of 38.86%. The company had revenue of $113.38 million during the quarter. Equities analysts expect that Grupo Aeroportuario del Centro Nort will post 3.41 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of OMAB. Sagil Capital LLP purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the second quarter valued at approximately $7,025,000. Marshall Wace LLP grew its position in shares of Grupo Aeroportuario del Centro Nort by 603.3% in the first quarter. Marshall Wace LLP now owns 71,628 shares of the transportation company’s stock valued at $3,229,000 after purchasing an additional 61,444 shares in the last quarter. Bank of America Corp DE grew its position in shares of Grupo Aeroportuario del Centro Nort by 8,045.4% in the second quarter. Bank of America Corp DE now owns 56,122 shares of the transportation company’s stock valued at $2,743,000 after purchasing an additional 55,433 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the second quarter valued at approximately $1,791,000. Finally, BlackRock Inc. grew its position in Grupo Aeroportuario del Centro Nort by 3.2% in the second quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock worth $45,902,000 after acquiring an additional 29,553 shares during the period. Institutional investors and hedge funds own 13.41% of the company’s stock.

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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