Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives Average Recommendation of “Hold” from Brokerages

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $92.1667.

A number of equities analysts have issued reports on OMAB shares. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday. Finally, Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently bought and sold shares of OMAB. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. Blue Trust Inc. increased its position in Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $56,000. US Bancorp DE increased its position in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock worth $60,000 after acquiring an additional 155 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Grupo Aeroportuario del Centro Norte by 306.5% in the second quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company’s stock worth $60,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 1.7%

OMAB stock opened at $104.43 on Monday. The company has a market cap of $4.44 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.67 and a beta of 0.94. Grupo Aeroportuario del Centro Norte has a 52 week low of $62.06 and a 52 week high of $116.25. The company’s 50-day moving average price is $105.06 and its 200 day moving average price is $100.51. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35.

About Grupo Aeroportuario del Centro Norte

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.