Here’s What Citi Thinks About Grupo Aeroportuario del Centro Norte (OMAB)

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 8, Citi upgraded Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) from Neutral to Buy and kept the price target unchanged at MXN 270. The firm noted that the stock valuation has declined around 20% since its recent highs. Citi believes that the company can reach its traffic guidance despite higher fuel prices.

​Earlier, on April 27, the company released its Q1 2026 results. During the quarter, the company reported a solid 4.7% year-over-year increase in total passenger traffic, with domestic traffic growing 5.7%. Management noted that the Monterrey Airport, which is a key hub, drove the most domestic traffic due to its routes to major cities.

​As a result, the quarterly revenue came in at 3.3 billion MXN, up 4.1% year-over-year. The adjusted EBITDA was 2.4 billion MXN, reflecting 2.1% year-over-year increase. Looking ahead, management expects growth in the coming quarters driven by an increase in traffic volumes.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is a Mexican holding company that operates and maintains concessions for over 10 airports across Mexico, serving major cities including Monterrey, tourist destinations like Acapulco and Mazatlán, regional centers, and border cities.

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