Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to “Strong-Buy” at Wall Street Zen

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 1.1%

Shares of OMAB stock opened at $101.76 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.86 and a beta of 0.77. Grupo Aeroportuario del Centro Norte has a 52-week low of $67.61 and a 52-week high of $116.25. The company has a 50-day simple moving average of $103.40 and a two-hundred day simple moving average of $104.79.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Large investors have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $105,360,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Grupo Aeroportuario del Centro Norte by 1.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock worth $18,028,000 after purchasing an additional 2,134 shares in the last quarter. Aberdeen Group plc raised its position in shares of Grupo Aeroportuario del Centro Norte by 4.8% in the second quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock valued at $17,319,000 after purchasing an additional 7,487 shares during the period. American Century Companies Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 18.4% in the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after purchasing an additional 18,028 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after buying an additional 39,581 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. 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.