Analysts Set Grupo Aeroportuario del Centro Nort (OMAB) Price Target at $59.00

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) have received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $59.00.

Several equities analysts have weighed in on OMAB shares. Santander lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. BidaskClub lowered Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. Bank of America assumed coverage on Grupo Aeroportuario del Centro Nort in a report on Tuesday, August 28th. They set a “buy” rating and a $58.00 target price on the stock. UBS Group lowered Grupo Aeroportuario del Centro Nort from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 13th. Finally, Scotiabank upgraded Grupo Aeroportuario del Centro Nort from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, June 12th.

NASDAQ OMAB traded down $1.44 during trading on Wednesday, hitting $52.77. 3,605 shares of the company traded hands, compared to its average volume of 85,477. Grupo Aeroportuario del Centro Nort has a 12 month low of $37.45 and a 12 month high of $58.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a market cap of $2.45 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 6.94 and a beta of 0.71.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its earnings results on Wednesday, July 18th. The transportation company reported $0.74 earnings per share for the quarter. Grupo Aeroportuario del Centro Nort had a return on equity of 35.46% and a net margin of 32.68%. The company had revenue of $102.76 million for the quarter. On average, equities analysts expect that Grupo Aeroportuario del Centro Nort will post 2.74 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Grupo Aeroportuario del Centro Nort by 41.7% during the second quarter. BlackRock Inc. now owns 692,592 shares of the transportation company’s stock valued at $28,847,000 after acquiring an additional 203,826 shares during the period. Renaissance Technologies LLC increased its stake in Grupo Aeroportuario del Centro Nort by 1.9% during the second quarter. Renaissance Technologies LLC now owns 517,000 shares of the transportation company’s stock valued at $21,533,000 after acquiring an additional 9,800 shares during the period. Millennium Management LLC increased its stake in Grupo Aeroportuario del Centro Nort by 5.8% during the first quarter. Millennium Management LLC now owns 309,894 shares of the transportation company’s stock valued at $12,213,000 after acquiring an additional 16,878 shares during the period. Freestone Capital Holdings LLC boosted its holdings in Grupo Aeroportuario del Centro Nort by 115.0% during the first quarter. Freestone Capital Holdings LLC now owns 136,110 shares of the transportation company’s stock valued at $5,365,000 after purchasing an additional 72,817 shares in the last quarter. Finally, Azimuth Capital Management LLC boosted its holdings in Grupo Aeroportuario del Centro Nort by 6.0% during the second quarter. Azimuth Capital Management LLC now owns 98,960 shares of the transportation company’s stock valued at $4,122,000 after purchasing an additional 5,575 shares in the last quarter. Institutional investors and hedge funds own 15.27% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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