OMAB stock: buy or sell?

OMAB stock price: $51.70 2.05% At close on July 15th, 2019

Updated on:
July 15th, 2019

0

Grupo Aeroportuario del Centro Norte S.A.B. de jumped a pretty good 2.05% and closed at $51.70.

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico.

Should I buy OMAB stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Grupo Aeroportuario del Centro Norte S.A.B. de stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean OMAB will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Grupo Aeroportuario del Centro Norte S.A.B. de stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 4 ratings published for OMAB stock in the last 30 days.

The general sentiment of these ratings is bullish for OMAB stock, with 3 positive ratings.
Is OMAB a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-27UBS GroupBuyNeutral
2019-2-11ScotiabankSector PerformOutperform
2019-1-7UBS GroupNeutralBuy
2019-1-10HSBCHoldBuy

OMAB stock analysis

Daily outlook

Grupo Aeroportuario del Centro Norte S.A.B. de shares jumped 2.05% to $51.70 today.

Grupo Aeroportuario del Centro Norte S.A.B. de shares jumped 2.05% to $51.70 today. Since May when SMA100d and SMA200d crossed up, OMAB price gained $1.79 per share (3.59%). Since last April when OMAB stock price broke up the SMA200d line, it gained $8.12 (18.63%).

OMAB stock chart (daily)

Weekly outlook

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de appreciated a beatiful 2.05% this week. With this, it's been 3 climbing weeks in a row, soaring a 5.57%.

OMAB shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $48.34 early July. Previous top ($53.17) will play as a resistance in possible new gains. Since SMA20d and SMA40w crossed up by mid May, OMAB price climbed $4.08 per share (8.57%). Since price and SMA40w lines crossed up early April, OMAB climbed $8.12 (18.63%). Far behind is the all-time high Grupo Aeroportuario del Centro Norte S.A.B. de marked early October but price is just -7.93% below that top.

OMAB stock chart (weekly)

OMAB stock price history

OMAB stock went public on November 29th, 2006 with a price of $12.011. Since then, OMAB stock grew a 330.50%, with an average of 27.50% per year. If you had invested right after OMAB's IPO a $1,000 in OMAB stock in 2006, it would worth $3,305.00 today.

1: Adjusted price after possible price splits or reverse-splits.

OMAB stock historical price chart

OMAB stock reached all-time highs on October with a price of $56.15.

OMAB stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' OMAB stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price forecast for Grupo Aeroportuario del Centro Norte S.A.B. de stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Grupo Aeroportuario del Centro Norte S.A.B. de reported phenomenal results for 2018-Q4 on February. Grupo Aeroportuario del Centro Norte S.A.B. de rose Earnings per Share (EPS) by 20.00%, beating experts consensus of $0.70. Grupo Aeroportuario del Centro Norte S.A.B. de posted $0.84.
OMAB earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.07n/a
2017-Q2-n/a1.29n/a
2017-Q3-n/a1.47n/a
2017-Q4-n/a1.58n/a
2018-Q12018-04-17n/a0.67n/a
2018-Q22018-07-18n/a0.74n/a
2018-Q32018-10-240.650.7820.0%
2018-Q42019-02-110.70.8420.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a brilliant growth of 10.90% to $7,907.05 M dollars. Slightly worse, its profit margin (compared to sales) rose to 36.07%, that is $2,851.82 million.

OMAB annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,420 M-$1,200 M35.1%-
2014$3,730 M9.06%$1,025 M27.5%-14.61%
2015$4,493 M20.46%$1,234 M27.5%20.40%
2016$5,550 M23.54%$1,870 M33.7%51.58%
2017$7,130 M28.46%$2,128 M29.8%13.76%
2018$7,907 M10.90%$2,852 M36.1%34.04%

Quarterly financial results

Grupo Aeroportuario del Centro Norte S.A.B. de posted $2,021.07 million in sales for 2018-Q4, a 2.77% up compared to previous quarter. Reported quarter income marked $815.80 M with a profit margin of 40.36%. Profit margin appreciated a 3.60% compared to previous quarter when profit margin was 36.77%. When comparing sales to same quarter last year, Grupo Aeroportuario del Centro Norte S.A.B. de sales marked an excellent gain and escalated a 7.06%.
OMAB quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1,620 M-$421 M26.0%-
2017-Q2$96 M-94.08%$28 M29.2%-93.35%
2017-Q3$1,880 M1,859.16%$579 M30.8%1,967.71%
2017-Q4$1,888 M0.41%$621 M32.9%7.32%
2018-Q1$1,932 M2.34%$608 M31.5%-2.04%
2018-Q2$1,987 M2.88%$705 M35.5%15.83%
2018-Q3$1,967 M-1.05%$723 M36.8%2.60%
2018-Q4$2,021 M2.77%$816 M40.4%12.83%

Grupo Aeroportuario del Centro Norte S.A.B. de ownership

When you are planning to invest in shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Grupo Aeroportuario del Centro Norte S.A.B. de, 0.00% of all outstanding shares are owned by its staff.

In case of Grupo Aeroportuario del Centro Norte S.A.B. de stock, 13.84% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for OMAB stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

OMABASRPAC
Market cap$2.5 B$5.0 B$6.0 B
Total shares49.2 M30.0 M56.1 M
Float shares41.8 M16.6 M36.1 M
  - Institutional holdings (%)13.8%53.9%10.2%
  - Insider holdings (%)0.0%0.9%0.0%
Shares in short selling0.0%0.0%0.0%

OMAB summary

Monday, July 15th, 2019
Open$50.59
Close$51.70
Day range$50.54 - $51.70
Previous close$50.66
Session gain2.05%
Average true range$1.17
50d mov avg$49.80
100d mov avg$47.33
200d mov avg$44.76
Daily patternlt02a
Weekly pattern lb03a

Grupo Aeroportuario del Centro Norte S.A.B. de performance

To better understand Grupo Aeroportuario del Centro Norte S.A.B. de performance you must becnhmark its gains with other related stocks in same sector or industry. For Grupo Aeroportuario del Centro Norte S.A.B. de, the benchmark is made against Grupo Aeroportuario del Sureste, S.A. de and Grupo Aeroportuario Del Pacifico, S.A. de.
Stock3m6m12m
OMABGrupo Aeroportuar...9.72%16.92%13.25%
ASRGrupo Aeroportuar...4.68%-3.37%-0.99%
PACGrupo Aeroportuar...4.72%15.07%13.90%

Grupo Aeroportuario del Centro Norte S.A.B. de competitors

Creating a list of competitors for Grupo Aeroportuario del Centro Norte S.A.B. de it's difficult. We selected 2 public companies that are related to and can be considered as competitors of Grupo Aeroportuario del Centro Norte S.A.B. de: