Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Cut to Strong Sell at ValuEngine

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday, ValuEngine reports.

Several other research firms have also issued reports on OMAB. UBS Group upgraded shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Nort from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, BidaskClub lowered Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Grupo Aeroportuario del Centro Nort has a consensus rating of “Buy” and a consensus price target of $55.00.

Shares of OMAB opened at $52.85 on Tuesday. Grupo Aeroportuario del Centro Nort has a fifty-two week low of $33.62 and a fifty-two week high of $56.47. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 5.18 and a beta of 0.79. The firm has a 50 day moving average price of $53.95 and a 200-day moving average price of $49.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.24 and a current ratio of 3.24.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its earnings results on Thursday, October 17th. The transportation company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.07. The company had revenue of $110.93 million for the quarter. Grupo Aeroportuario del Centro Nort had a net margin of 39.59% and a return on equity of 36.93%. As a group, equities research analysts predict that Grupo Aeroportuario del Centro Nort will post 3.43 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Sagil Capital LLP purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the second quarter worth about $7,025,000. Bank of America Corp DE lifted its holdings in Grupo Aeroportuario del Centro Nort by 8,045.4% in the 2nd quarter. Bank of America Corp DE now owns 56,122 shares of the transportation company’s stock worth $2,743,000 after buying an additional 55,433 shares during the period. Russell Investments Group Ltd. lifted its holdings in Grupo Aeroportuario del Centro Nort by 87.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 116,281 shares of the transportation company’s stock worth $5,509,000 after buying an additional 54,224 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter worth approximately $1,791,000. Finally, BlackRock Inc. grew its position in shares of Grupo Aeroportuario del Centro Nort by 3.2% in the 2nd quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock worth $45,902,000 after buying an additional 29,553 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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

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