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

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

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

Grupo Aeroportuario del Centro Norte Trading Down 0.0%

OMAB opened at $111.99 on Thursday. The business has a 50 day simple moving average of $106.52 and a two-hundred day simple moving average of $111.84. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12. Grupo Aeroportuario del Centro Norte has a one year low of $95.69 and a one year high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.08). The business had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. Analysts predict that Grupo Aeroportuario del Centro Norte will post 6.95 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Opal Capital LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 14.1% in the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after purchasing an additional 1,870 shares in the last quarter. Amundi boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 60.0% during the 1st quarter. Amundi now owns 5,972 shares of the transportation company’s stock valued at $685,000 after buying an additional 2,240 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after buying an additional 68,212 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 60.9% during the 1st quarter. Quantinno Capital Management LP now owns 12,076 shares of the transportation company’s stock valued at $1,385,000 after buying an additional 4,569 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after buying an additional 71,924 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.