Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to Strong-Buy at Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and a consensus price target of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 1.3%

Shares of OMAB traded down $1.36 during trading hours on Tuesday, reaching $106.58. 2,240 shares of the company traded hands, compared to its average volume of 48,611. Grupo Aeroportuario del Centro Norte has a 12 month low of $70.24 and a 12 month high of $116.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The company’s fifty day moving average price is $106.99 and its two-hundred day moving average price is $106.19. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.12. Grupo Aeroportuario del Centro Norte had a return on equity of 53.08% and a net margin of 33.36%.The business had revenue of $214.50 million for the quarter, compared to analysts’ expectations of $4.31 billion. Equities research analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OMAB. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 271 shares during the period. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at about $42,000. Blue Trust Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 126 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $56,000. 9.53% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.