Analysts Set Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) PT at $106.00

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $106.00.

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

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $131.30 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte has a 12-month low of $70.24 and a 12-month high of $132.01. The business’s 50 day moving average is $114.28 and its two-hundred day moving average is $107.97. The company has a market capitalization of $5.59 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.98 and a beta of 0.74.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd 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. Mather Group LLC. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth $42,000. Blue Trust Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after buying an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.