Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Given Consensus Recommendation of “Hold” by Brokerages

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMABGet Rating) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $64.50.

OMAB has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. StockNews.com initiated coverage on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Centro Norte from an “overweight” rating to a “neutral” rating in a research report on Monday, November 21st. Citigroup cut Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “sell” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 14th. Finally, UBS Group lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “neutral” rating in a report on Monday, November 21st.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Grupo Aeroportuario del Centro Norte by 62.7% in the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock worth $27,000 after purchasing an additional 205 shares during the period. Atlas Capital Advisors LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter worth about $28,000. Financial Gravity Asset Management Inc. acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter worth about $3,512,000. Fifth Third Bancorp bought a new position in Grupo Aeroportuario del Centro Norte during the second quarter worth about $47,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 9.38% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $76.18 on Wednesday. Grupo Aeroportuario del Centro Norte has a 52 week low of $46.53 and a 52 week high of $76.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $3.24 billion, a PE ratio of 19.58, a PEG ratio of 6.12 and a beta of 1.28. The company’s 50 day moving average price is $67.90 and its 200 day moving average price is $59.69.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last posted its quarterly earnings results on Friday, October 28th. The transportation company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $155.51 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.53% and a return on equity of 46.33%. Research analysts expect that Grupo Aeroportuario del Centro Norte will post 3.63 EPS for the current fiscal year.

About Grupo Aeroportuario del Centro Norte

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

Further Reading

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

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