Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Rating Increased to Hold at Zacks Investment Research

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

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 have also issued research reports about the stock. Bradesco Corretora lowered shares of Grupo Aeroportuario del Centro Nort to a “hold” rating and set a $40.00 target price for the company. in a report on Tuesday, June 16th. Bank of America upgraded shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Wednesday, June 10th. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort from a “sector perform” rating to a “sector outperform” rating in a report on Monday. Finally, BofA Securities upgraded shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Grupo Aeroportuario del Centro Nort currently has an average rating of “Buy” and an average price target of $55.00.

Grupo Aeroportuario del Centro Nort stock opened at $38.08 on Tuesday. The firm has a 50-day moving average price of $36.20 and a 200-day moving average price of $34.77. The firm has a market capitalization of $1.63 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 10.32 and a beta of 1.39. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.15. Grupo Aeroportuario del Centro Nort has a 12-month low of $20.55 and a 12-month high of $67.07.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its earnings results on Wednesday, July 22nd. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). The firm had revenue of $27.25 million during the quarter. Grupo Aeroportuario del Centro Nort had a net margin of 35.40% and a return on equity of 25.11%. As a group, sell-side analysts predict that Grupo Aeroportuario del Centro Nort will post 1.19 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $201,000. Nuveen Asset Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 35.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 166,492 shares of the transportation company’s stock valued at $6,185,000 after purchasing an additional 43,662 shares in the last quarter. FMR LLC bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $275,000. Advisors Capital Management LLC grew its position in shares of Grupo Aeroportuario del Centro Nort by 3.1% in the 2nd quarter. Advisors Capital Management LLC now owns 9,250 shares of the transportation company’s stock worth $344,000 after buying an additional 280 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Grupo Aeroportuario del Centro Nort by 7.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 20,030 shares of the transportation company’s stock worth $739,000 after buying an additional 1,330 shares during the last quarter. Institutional investors and hedge funds own 11.30% of the company’s stock.

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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