Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other analysts have also recently issued reports about the stock. BidaskClub cut shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, Scotiabank cut shares of Grupo Aeroportuario del Centro Norte from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $50.70.

Grupo Aeroportuario del Centro Norte (OMAB) traded down $0.50 during mid-day trading on Wednesday, reaching $39.94. 103,600 shares of the company were exchanged, compared to its average volume of 89,183. The firm has a market cap of $1,981.99, a PE ratio of 17.99, a PEG ratio of 5.94 and a beta of 0.96. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.76. Grupo Aeroportuario del Centro Norte has a one year low of $30.05 and a one year high of $52.51.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 76.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 41,464 shares of the transportation company’s stock valued at $1,998,000 after acquiring an additional 17,915 shares during the period. Aperio Group LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 4.4% during the 2nd quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock valued at $783,000 after acquiring an additional 681 shares during the period. Morgan Stanley lifted its stake in Grupo Aeroportuario del Centro Norte by 75.9% during the 1st quarter. Morgan Stanley now owns 145,345 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 62,713 shares during the period. Smith Asset Management Group LP lifted its stake in Grupo Aeroportuario del Centro Norte by 168.1% during the 2nd quarter. Smith Asset Management Group LP now owns 12,560 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 7,875 shares during the period. Finally, Marshall Wace North America L.P. lifted its stake in Grupo Aeroportuario del Centro Norte by 68.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 42,166 shares of the transportation company’s stock valued at $2,024,000 after acquiring an additional 17,123 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

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About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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