Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Given Consensus Rating of “Buy” by Brokerages

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) has been assigned an average rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 24th. Zacks Investment Research cut shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 29th. Finally, ValuEngine lowered shares of Grupo Aeroportuario del Centro Nort from a “sell” rating to a “strong sell” rating in a report on Tuesday.

Several hedge funds have recently bought and sold shares of OMAB. BlackRock Inc. lifted its holdings in Grupo Aeroportuario del Centro Nort by 3.2% during the second quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock worth $45,902,000 after acquiring an additional 29,553 shares during the period. Renaissance Technologies LLC raised its stake in shares of Grupo Aeroportuario del Centro Nort by 3.1% during the 2nd quarter. Renaissance Technologies LLC now owns 704,500 shares of the transportation company’s stock valued at $34,436,000 after purchasing an additional 21,300 shares during the period. State Street Corp raised its stake in shares of Grupo Aeroportuario del Centro Nort by 12.7% during the 3rd quarter. State Street Corp now owns 233,536 shares of the transportation company’s stock valued at $11,105,000 after purchasing an additional 26,265 shares during the period. Sagil Capital LLP purchased a new stake in Grupo Aeroportuario del Centro Nort during the 2nd quarter worth about $7,025,000. Finally, Russell Investments Group Ltd. lifted its holdings in Grupo Aeroportuario del Centro Nort by 87.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 116,281 shares of the transportation company’s stock worth $5,509,000 after purchasing an additional 54,224 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

Shares of NASDAQ:OMAB traded up $0.26 on Monday, reaching $53.47. 32,221 shares of the company’s stock were exchanged, compared to its average volume of 71,277. The business’s 50-day moving average is $54.04 and its two-hundred day moving average is $50.02. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. Grupo Aeroportuario del Centro Nort has a fifty-two week low of $33.62 and a fifty-two week high of $56.47. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 5.18 and a beta of 0.79.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, October 17th. The transportation company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.07. Grupo Aeroportuario del Centro Nort had a net margin of 39.59% and a return on equity of 36.93%. The business had revenue of $110.93 million during the quarter. Analysts predict that Grupo Aeroportuario del Centro Nort will post 3.43 earnings per share for the current fiscal year.

About Grupo Aeroportuario del Centro Nort

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.

See Also: What is the S&P/TSX Index?

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

Receive News & Ratings for Grupo Aeroportuario del Centro Nort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Nort and related companies with MarketBeat.com's FREE daily email newsletter.