According to Bloomberg.com, the seven research firms presently monitoring Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: OMAB) have collectively assigned the company a rating of “Hold” as their consensus recommendation. This rating is based on the recommendation that the company maintain its current operations level. In addition, three research professionals gave the stock a buy rating, and four gave the stock a hold rating. During the prior year, brokers who covered the stock predicted that the stock’s price would reach an average of $64.13 during the year that followed.
Researchers with expertise in various disciplines have discussed the organization and offered their points of view. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Centro Norte in a report that was published on Tuesday, September 27th. The brokerage also established a price objective of $56.50 for the company’s stock at the time of the report’s publication. 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. StockNews.com distributed a research note regarding Grupo Aeroportuario del Centro Norte on October 12th, which was a Wednesday. They recommended that shareholders “hold” their shares of the company. In a research report published on November 1st, Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte from $55.00 to $64.00 and upgraded the stock from a “hold” rating to a “buy” rating. Both of these moves were made about the company’s stock. On November 21st, JPMorgan Chase & Co. published a research study that downgraded Grupo Aeroportuario del Centro Norte from “overweight” to “neutral.” This was the last but not least piece of news.
The common stock of Grupo Aeroportuario del Centro Norte was first made available for trading on Tuesday for $67.42 per share. The price-to-earnings ratio for this company is 17.33, the price-to-earnings-to-growth ratio for this company is 6.22, and the beta value for this company is 1.26. The company’s total value, as measured by its market capitalization, is $2.87 billion. According to the simple moving average calculated over the past 200 days, the stock’s current price is $56.57, while the price calculated over the past 50 days is $62.18. All three of the liquidity ratios—the current ratio, the quick ratio, and the debt-to-equity ratio—come in at 0.98, but the debt-to-equity ratio comes in at 1.04. Over the last 52 weeks, the price of Grupo Aeroportuario del Centro Norte has ranged from a low of $46.53 to a high of $71.86.
Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB) provided the general public with the most recent version of its earnings report on Friday, October 28th. The transportation company reported earnings per share for the quarter of $1.13, which was $0.01 higher than the consensus estimate of $1.12 per share28th. The transportation company reported earnings per share for the quarter of $1.13, which was $0.01 higher than the consensus estimate of $1.12 per share. During the research, Grupo Aeroportuario del Centro Norte generated a net margin of 34.53% and a return on equity of 46.33%. The company reported total revenues of $155.51 million for the period in question. The sell-side analysts predict Grupo Aeroportuario del Centro Norte will likely generate $3.74 per share in 2018. This is based on their estimates of the company’s performance in 2018.
In the most recent few months, various institutional investors have adjusted the interests they hold in the company. These investors hold stakes in the company. The Royal Bank of Canada successfully increased the proportion of Grupo Aeroportuario del Centro Norte, owned by 62.7% over the third quarter. After making an additional purchase of 205 shares during the most recent quarter, Royal Bank of Canada now has a total of 532 shares in the transportation company, which are currently valued at $27,000. This brings the bank’s total number of shares held in the company to 532, an increase of 205. During the third quarter of 2018, Atlas Capital Advisors L.L.C. opened a new position in Grupo Aeroportuario del Centro Norte, which entailed an investment of approximately $28,000. During the second quarter of the fiscal year, Fifth Third Bancorp invested $47,000 in a new position with Grupo Aeroportuario del Centro Norte. This investment was made during the period. During the third quarter of the fiscal year, Tower Research Capital L.L.C. (T.R.C.) contributed to Grupo Aeroportuario del Centro Norte for $47,000 through financial backing.
Last but not least, during the second quarter, Quadrant Capital Group L.L.C. increased the percentage of Grupo Aeroportuario del Centro Norte stock owned by 37.2%. This certainly should not be considered the least important item. Due to the recent purchase of an additional 284 shares, the value of Quadrant Capital Group L.L.C.’s 1,047 shares in the transportation company has increased by $54,000. This is because the shares were acquired. As a result, 9.27% of the total number of outstanding shares in the company are held by institutional investors.
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.
Ronald Kaufman is a veteran analyst and researcher with an expertise in the fields of Pharma, Cyber, FoodTech and Blockchain. He has been published on entrepreneur.com, GuruFocus, Finextra Research and others. He is currently a researcher at the Future Markets Research Tank (FMRT), where he does deep-dive market analysis and research in a number of industries.
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