Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives $92.17 Consensus PT from Analysts

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $92.1667.

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

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ OMAB opened at $103.30 on Monday. The firm has a fifty day moving average price of $105.25 and a 200-day moving average price of $100.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $4.39 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.48 and a beta of 0.94. Grupo Aeroportuario del Centro Norte has a 1 year low of $62.06 and a 1 year high of $116.25.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the second quarter valued at $242,000. Vident Advisory LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 11.2% during the second quarter. Vident Advisory LLC now owns 12,195 shares of the transportation company’s stock valued at $1,287,000 after purchasing an additional 1,231 shares in the last quarter. Militia Capital Partners LP grew its position in shares of Grupo Aeroportuario del Centro Norte by 60.8% during the second quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company’s stock valued at $8,256,000 after purchasing an additional 29,600 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Grupo Aeroportuario del Centro Norte by 36.8% during the second quarter. BNP Paribas Financial Markets now owns 52,621 shares of the transportation company’s stock valued at $5,552,000 after purchasing an additional 14,149 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Grupo Aeroportuario del Centro Norte by 17.0% during the 2nd quarter. Bank of America Corp DE now owns 18,227 shares of the transportation company’s stock valued at $1,923,000 after buying an additional 2,654 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.