Chart Of The Day: Grupo Aeroportuario Del Centro Norte - Flying High

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The Chart of the Day belongs to the Mexican airport operator  Grupo Aeroportuario del Centro Norte (OMAB).  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/12 the stock gained 18.08%.    

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OMAB Price vs Daily Moving Averages

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 55.88+Weighted Alpha
  • 46.44% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 10 new highs and up 8.07% in the last month
  • Relative Strength Index 62.74%
  • Recently traded at $83.38 with a 50-day moving average of $76.43.

Fundamental Factors:

  • Market Cap $3.52 billion
  • P/E 20.19
  • Dividend yield 4.27%
  • Revenue is expected to grow 18.20% this year and another 12.40% next year
  • Earnings are estimated to increase 33.80% this year and an additional 20.60% next year and continue to compound at an annual rate of 3.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 4 strong buy, 3 buy, and 1 sell opinion on the stock
  • Their price targets are $58 to $96 
  • The individual investors following the stock on Motley Fool vote 188 to 8 for the stock to beat the market with the more experienced investors voting 58 to 0 for the same result
  • 2,970 investors monitor the stock on Seeking Alpha

More By This Author:

Chart Of The Day: PDF Solutions - Comprehensive Data Solutions
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Danger! Will Robinson Danger! - Part Two

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

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