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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $106.00.

Several analysts recently weighed in on OMAB shares. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th.

Grupo Aeroportuario del Centro Norte Stock Up 1.8%

Shares of NASDAQ OMAB opened at $128.15 on Friday. The company has a 50 day simple moving average of $113.16 and a 200 day simple moving average of $107.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. Grupo Aeroportuario del Centro Norte has a 1 year low of $70.24 and a 1 year high of $130.09. The firm has a market cap of $5.45 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OMAB. State Street Corp raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.6% during the fourth quarter. State Street Corp now owns 329,781 shares of the transportation company’s stock valued at $35,870,000 after purchasing an additional 11,604 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario del Centro Norte by 1.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock valued at $18,028,000 after buying an additional 2,134 shares in the last quarter. American Century Companies Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock worth $12,211,000 after buying an additional 18,028 shares during the period. AQR Capital Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 63.4% in the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after acquiring an additional 39,581 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $11,038,000. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.