The Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) shares are trading at higher $38.35 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $42.73.
To add more color to this target, the company’s high over the last year is $67.07 and the low is $20.55. Over the last 52 weeks, OMAB is down -42.82% while the S&P 500 is up 0.46%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, OMAB reported a profit of $72.63 million. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. also saw revenues increase to $95.77 million. In addition, OMAB has free cash flow of $35.5 million as of 03-2020 The company’s EBITDA came in at $60.18 million which compares well with its peers.
OMAB booked profit margins of 40.40%, its Return on Equity (ROE) is 36.50%, and its Return on Assets is 20.20%. All told, it is clear that, OMAB needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OMAB has a short ratio of 0.71 and outstanding shares of 48.91M.
OMAB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.15 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.08. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. OMAB also noted assets of $919.05 million at the end of the last quarter. Investors should also keep an eye on sector updates as OMAB has historically followed its peers on positive news.
All told, Grupo Aeroportuario del Centro Norte S.A.B. de C.V. OMAB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OMAB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. OMAB is now commanding a market cap of 1.58B and a float of 35.77M. OMAB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OMAB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in OMAB, either long or short, and we have not been compensated for this article.