According to Bloomberg Ratings, the seven rating agencies that are currently monitoring Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., have given the company an average rating of “Hold” for its shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. The rating agencies are currently monitoring Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: OMAB). Six analysts think that investors ought to maintain their current position, three analysts think that investors ought to buy the stock, and one expert thinks that investors ought to sell the stock. Analysts have given their opinions on the stock within the past year, and their average price target for the stock within the coming year is $64.50.
Over the past few months, OMAB has become the primary focus of attention from various research companies. In a research note on November 21st, JPMorgan Chase & Co. changed their rating for Grupo Aeroportuario del Centro Norte from “overweight” to “neutral.” The UBS Group changed its recommendation for Grupo Aeroportuario del Centro Norte from a “buy” rating to a “neutral” one in a research report published on November 21st. The report was about the company’s financial performance. Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte shares and upgraded the company from a “hold” rating to a “buy” recommendation for the firm in a report published on Tuesday, November 1st. The report was about a company that had previously been given a “hold” rating of attention from various research companies. In a research note on November 21st, JPMorgan Chase & Co. changed their rating for Grupo Aeroportuario del Centro Norte from “overweight” to “neutral.” The UBS Group changed its recommendation for Grupo Aeroportuario del Centro Norte from a “buy” rating to a “neutral” one in a research report published on November 21st. The report was about the company’s financial performance. Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte shares and upgraded the company from a “hold” rating to a “buy” recommendation for the firm in a report published on Tuesday, November 1st. The report was about a company that had previously been given a “hold” rating. Citigroup changed their rating on Grupo Aeroportuario del Centro Norte from “neutral” to “sell” in a research report released on Wednesday, December 14th, and they lowered their price objective on the stock to $58.00. In a research note published on StockNews.com on October 12th, the website announced that it would begin covering Grupo Aeroportuario del Centro Norte shares. They recommended that shareholders “hold” their shares of the company.
When trading began on Friday, one share of Grupo Aeroportuario del Centro Norte stock cost $61.84 per share. This was the price at which the stock was last traded. The moving average of the company’s stock price over the past 200 days is $57.52, while the moving average over the last 50 days is $66.12. A debt-to-equity ratio comes in at 1.04, a quick ratio at 0.98, and a current ratio at 0.98. Over the previous year, Grupo Aeroportuario del Centro Norte experienced a range of prices, with $46.53 being the company’s annual low and $71.86 being its annual high. A price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 5.96, and a beta value of 1.26 are all characteristics of the stock in question. The company’s total value, as represented by its market capitalization, is $2.63 billion.
Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB) made public on Friday, October 28th, its report on the quarterly results of its operations, which the company had previously kept private. The transportation company’s earnings per share for the previous quarter came in at $1.13, an increase of $0.01 compared to the average projection of $1.12 per share kept private. The transportation company’s earnings per share for the previous quarter came in at $1.13, an increase of $0.01 compared to the average projection of $1.12 per share. The company reported total revenues of $155.51 million for the period in question. During the research, Grupo Aeroportuario del Centro Norte generated a net margin of 34.53% and a return on equity of 46.33%. Analysts in the sector believe that Grupo Aeroportuario del Centro Norte will be able to generate earnings of $3.62 per share during the current fiscal year.
Recent months have seen several hedge funds changing the OMAB positions within their respective portfolios. During the first three months of the year, the Bank of New York Mellon Corporation saw an increase of 8.8 percentage points in the share of Grupo Aeroportuario del Centro Norte that it owned. After purchasing an additional 1,703 shares during the most recent quarter, The Bank of New York Mellon Corp. now owns 20,985 shares of the transportation company’s stock, valued at $1,253,000. During the most recent quarter, these shares were acquired. Great West Life Assurance Company of Canada raised its stake in Grupo Aeroportuario del Centro Norte by 17.5% during the first three months of the current year. Great West Life Assurance Company of Canada now has 22,378 shares of the transportation company’s stock, valued at $1,422,000, after purchasing an additional 3,332 shares during the preceding quarter. This brings the total number of shares owned by the company to a total of 22,378. Mackenzie Financial Corporation increased its holdings in Grupo Aeroportuario del Centro Norte by 57.2% during the year’s first three months. After making additional purchases of 30,212 shares throughout the period, Mackenzie Financial Corp. now has a total of 82,991 shares of the transportation company’s stock in its possession. The total value of Mackenzie Financial Corporation’s stock holdings is currently $4,954,000. The ownership stake that Renaissance Group L.L.C. holds in Grupo Aeroportuario del Centro Norte increased by 6.8 percentage points during the first three months of 2018. After acquiring an additional 1,328 shares in the transportation industry over the most recent fiscal quarter, Renaissance Group L.L.C. now holds a total of 20,759 shares in the company. The current market value of these shares is USD 1,239,000.
Last but not least, during the first quarter of this year, Northern Trust Corporation invested approximately $203,000 to acquire a new shareholding in Grupo Aeroportuario del Centro Norte. This was not the only investment the company made during this time. Currently, 9.38% of the company’s shares are owned by institutional investors and those who invest through hedge funds.
In Mexico, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and its affiliates are in charge of airport development, operation, and maintenance concessions. Some of the cities that the company’s 13 international airports serve include Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosi, Tampico, Torreón, and Zacatecas. Other cities that are served include Zacatecas and Torreón. Zacatecas and Torreón are two of the other cities in the region.
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