Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) from a buy rating to a hold rating in a research note released on Wednesday, May 24th.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co downgraded Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an overweight rating to a neutral rating in a research report on Friday, May 12th. Bank of America Corporation raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an underperform rating to a neutral rating in a research note on Tuesday, May 16th. Finally, Citigroup Inc. raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a neutral rating to a buy rating in a research note on Tuesday, January 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $66.78.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded down 0.07% during trading on Wednesday, hitting $45.80. The stock had a trading volume of 109,880 shares. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $30.05 and a one year high of $53.58. The company has a market cap of $2.25 billion, a P/E ratio of 21.69 and a beta of 1.00. The firm has a 50 day moving average of $44.03 and a 200-day moving average of $39.55.

TRADEMARK VIOLATION NOTICE: This story was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/06/17/grupo-aeroportuario-del-centro-nort-omab-downgraded-by-zacks-investment-research-to-hold-updated-updated.html.

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Monday, May 15th were paid a $1.467 dividend. The ex-dividend date was Thursday, May 11th. This represents a dividend yield of 15.04%. Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s payout ratio is presently 66.67%.

Several large investors have recently modified their holdings of OMAB. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the fourth quarter worth $9,200,000. Renaissance Technologies LLC boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 57.5% in the fourth quarter. Renaissance Technologies LLC now owns 331,900 shares of the transportation company’s stock valued at $11,464,000 after buying an additional 121,200 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 3.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 2,810,462 shares of the transportation company’s stock valued at $97,074,000 after buying an additional 100,600 shares during the last quarter. Morgan Stanley boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 75.9% in the first quarter. Morgan Stanley now owns 145,345 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 62,713 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at approximately $1,077,000. 14.10% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

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.

Get a free copy of the Zacks research report on Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply