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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $134.00.

A number of brokerages have commented on OMAB. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th.

Grupo Aeroportuario del Centro Norte Stock Up 0.2%

OMAB stock opened at $97.17 on Thursday. The company’s 50 day simple moving average is $103.99 and its 200-day simple moving average is $107.45. The firm has a market capitalization of $4.13 billion, a PE ratio of 15.55, a P/E/G ratio of 1.26 and a beta of 0.61. Grupo Aeroportuario del Centro Norte has a 12 month low of $95.69 and a 12 month high of $134.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 earnings per share for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The business had revenue of $255.27 million during the quarter. Equities analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter worth about $9,732,000. Empirical Finance LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after purchasing an additional 71,924 shares during the period. Empowered Funds LLC increased its position in Grupo Aeroportuario del Centro Norte by 68.1% during the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after purchasing an additional 68,212 shares in the last quarter. Fisher Funds Management LTD raised its holdings in Grupo Aeroportuario del Centro Norte by 19.8% in the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock valued at $17,043,000 after buying an additional 24,583 shares during the period. Finally, Sei Investments Co. raised its holdings in Grupo Aeroportuario del Centro Norte by 208.7% in the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock valued at $3,326,000 after buying an additional 19,599 shares during the period. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., commonly known as OMA, is a Mexican airport infrastructure and services company. Through long-term concessions granted by the Mexican government, it develops, operates and maintains airports, providing passenger and aircraft services as well as managing the commercial activities associated with its terminals.

OMA operates 13 airports in central and northern Mexico. Its network includes airports serving Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Ciudad Juárez, Culiacán, Durango, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.