10 Worst Airport Stocks to Buy

6. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Number of Hedge Fund Holders: 6

Average Analyst Price Target Upside: 13.41%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB), also known as OMA, is a Mexican airport operator headquartered in San Pedro. It manages 13 international airports across northern and central Mexico, including key cities like Monterrey and popular tourist spots such as Acapulco and Mazatlán. In addition to airport operations, OMA is involved in freight logistics, hotel management, commercial real estate, and an industrial park.

The airports under OMA (NASDAQ:OMAB) management are under 50-year concessions, which can be extended for an additional 50 years, and they generate revenue from passenger fees, rentals, and several other commercial activities.

While the company ranks 6th on our list of worst airport stocks to buy, the analysts have recently been bullish on it. On September 5, The Fly reported that Morgan Stanley analyst Jens Spiess upgraded the company’s stock from Equal Weight to Overweight. However, its price target was reduced to $77 from $82.

Using a proprietary traffic model that reviews thousands of flight schedules to gauge seat capacity and trends, the firm observed that while Q3 traffic figures for all Mexican airport operators were underwhelming, projections for the next two quarters showed surprisingly strong potential.

The average analyst price target of $79.98 among 16 analysts shows an upside of 13.41% for the company, as of September 26.