An Important Check-Up On Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ: OMAB)

After grabbing 1.28 million shares, the institutional investor is now in possession of 1.28 million shares of the Industrials Company. The new investment brought the stake of investor firm to 3.00% having worth around $78.93 million. Moreover, BlackRock Fund Advisors increased its share by 26285.0 to have a control over 0.54 million shares. And Aberdeen Asset Managers Ltd. raised its holdings to 1170.0 shares by acquiring 0.33 million shares or 0.77% of the stake.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) concluded trading on 01/26/23 at a closing price of $76.09, with 56220.0 shares of worth about $4.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.95% during that period and on Thursday the price saw a gain of about 1.14%. Currently the company’s common shares owned by public are about 48.27M shares, out of which, 35.38M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the OMAB stock and their offered price forecasts bring an average price target of $1432.97. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1864.00 and could fall to a lowest price of $1132.44. The stock’s current price level is -10.23% below of average price target set by the analysts, while a dip to estimated low would result in gain of 93.28% for the stock. However, touching the estimated high of $1864.00 would mean a gain of 95.92% for the stock.

iShares Tr. – Global Infrastructu, SEI Institutional Invt. Trust – W, and Aberdeen Std. SICAV I – EM Smalle are the top 3 mutual funds which are holding stakes in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. iShares Tr. – Global Infrastructu is currently holding 0.63 million shares of worth totaling $38.81 million. The company recently came buying 0.0 shares which brought its stake up to 1.48% of the company’s outstanding shares. SEI Institutional Invt. Trust – W bought 1905.0 shares, after which its hold over company’s outstanding shares expand to 0.42%, leaving 0.18 million shares with the mutual fund that have a worth of about $11.11 million. Aberdeen Std. SICAV I – EM Smalle, after buying 0.12 million shares, have now control over 0.28% of the stake in the company. It holds 0.0 shares of worth $7.37 million.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ: OMAB) started trading at $75.41, above $0.18 from concluding price of the previous day. However, the stock later moved at a day high price of 76.09, or with a gain of 1.14%. Stock saw a price change of 5.00% in past 5 days and over the past one month there was a price change of 15.96%. Year-to-date (YTD), OMAB shares are showing a performance of 23.04% which increased to 48.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.53 but also hit the highest price of $76.59 during that period. The average intraday trading volume for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. shares is 81.62K. The stock is currently trading 9.69% above its 20-day simple moving average (SMA20), while that difference is up 11.78% for SMA50 and it goes to 30.02% higher than SMA200.

J.O. Hambro Capital Management Lt acquired 1.28 million shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. having value of about $78.93 million. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ: OMAB) currently have 48.27M outstanding shares and institutions hold larger chunk of about 10.60% of that. Holding of mutual funds in the company is about 4.82% while other institutional holders and individual stake holders have control over 7.06% and — of the stake respectively.

The stock has a current market capitalization of $3.23B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 18.42, while it has posted earnings per share of $4.13 in the same period. Its PEG reads 6.14 and has Quick Ratio of 1.00 while making debt-to-equity ratio of 1.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMAB, volatility over the week remained 2.04% while standing at 2.50% over the month.

Analysts are in expectations that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) stock would likely to be making an EPS of $0.72 in the current quarter, while forecast for next quarter EPS is $0.79 and it is $3.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.55 which is $0.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 162.20% while it is estimated to increase by 14.60% in next year. EPS is likely to shrink at an annualized rate of 3.00% for next 5-years, compared to annual growth of 9.10% made by the stock over the past 5-years.

Analysts at 17 brokerage firms have issued recommendations for the Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 17 Wall Street analysts, 7 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

Coverage by Citigroup stated Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) stock as a Neutral in their note to investors on September 27, 2022, suggesting a price target of $56.50 for the stock. Stock get a Buy rating from Goldman on December 01, 2021.