Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Upgraded by Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

OMAB has been the topic of several other research reports. HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $111.99 on Thursday. The company has a 50 day moving average price of $106.52 and a 200-day moving average price of $111.84. Grupo Aeroportuario del Centro Norte has a 52 week low of $95.69 and a 52 week high of $134.99. The firm has a market capitalization of $4.76 billion, a PE ratio of 18.73, a P/E/G ratio of 1.48 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The firm had revenue of $213.33 million during the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. As a group, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares in the last quarter. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the second quarter worth about $56,000. Huntington National Bank increased its stake in Grupo Aeroportuario del Centro Norte by 575.9% during the third quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock worth $61,000 after acquiring an additional 501 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $61,000. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.