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Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Receiving Somewhat Positive Media Coverage, Accern Reports
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A number of equities analysts have recently issued reports on the company. UBS AG downgraded Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $60.00 target price for the company in a research note on Tuesday. BidaskClub raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to a “neutral” rating in a research note on Friday, May 12th. Finally, Morgan Stanley cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $46.10 in a research note on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. currently has a consensus rating of “Buy” and an average price target of $69.78.
Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded down 0.14% on Friday, hitting $50.57. The company had a trading volume of 59,750 shares. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52 week low of $30.05 and a 52 week high of $53.58. The stock has a market capitalization of $2.49 billion, a PE ratio of 22.10 and a beta of 0.95. The firm’s 50 day moving average price is $48.07 and its 200-day moving average price is $42.20.
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $93.71 million for the quarter. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a return on equity of 30.38% and a net margin of 30.85%. Analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.30 earnings per share for the current fiscal year.
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About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.